CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.9% – Here’s What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 0.9% during trading on Thursday . The company traded as low as $360.28 and last traded at $367.88. 797,593 shares were traded during trading, a decline of 83% from the average session volume of 4,763,566 shares. The stock had previously closed at $371.41.

Analysts Set New Price Targets

Several brokerages recently weighed in on CRWD. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Wedbush lifted their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. BMO Capital Markets lifted their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $400.26.

CrowdStrike Stock Down 2.6 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $88.52 billion, a PE ratio of 700.23, a PEG ratio of 17.86 and a beta of 1.19. The company has a 50 day moving average price of $388.15 and a 200-day moving average price of $348.12.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 2,547 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $365.96, for a total transaction of $932,100.12. Following the transaction, the insider now owns 82,071 shares in the company, valued at approximately $30,034,703.16. This represents a 3.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,801 shares of company stock valued at $42,092,255. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empirical Asset Management LLC purchased a new position in CrowdStrike during the 4th quarter valued at about $11,310,000. Arcadia Investment Management Corp MI lifted its holdings in shares of CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after purchasing an additional 2,814 shares during the last quarter. Greenleaf Trust boosted its position in shares of CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after purchasing an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC grew its stake in shares of CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after buying an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in CrowdStrike by 42.6% during the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after buying an additional 13,323 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.