CrowdStrike (NASDAQ:CRWD) Shares Down 0.8% – Time to Sell?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 0.8% during trading on Tuesday . The company traded as low as $345.00 and last traded at $346.63. Approximately 427,600 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 4,865,964 shares. The stock had previously closed at $349.31.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of research analyst reports. Citigroup lifted their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a research note on Wednesday, November 27th. BNP Paribas initiated coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $364.25.

CrowdStrike Price Performance

The firm’s fifty day moving average price is $344.69 and its 200 day moving average price is $314.89. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $84.28 billion, a PE ratio of 670.92, a P/E/G ratio of 19.48 and a beta of 1.11.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 18,071 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares in the company, valued at $776,928,619.50. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,351 shares of company stock worth $38,595,056. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRWD. Van ECK Associates Corp increased its position in CrowdStrike by 5.5% during the second quarter. Van ECK Associates Corp now owns 12,748 shares of the company’s stock valued at $4,885,000 after acquiring an additional 661 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of CrowdStrike by 6.7% in the second quarter. Ritholtz Wealth Management now owns 2,164 shares of the company’s stock worth $829,000 after purchasing an additional 136 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of CrowdStrike by 6.4% in the second quarter. Natixis Advisors LLC now owns 35,416 shares of the company’s stock worth $13,571,000 after purchasing an additional 2,124 shares during the last quarter. Financial Counselors Inc. grew its holdings in shares of CrowdStrike by 26.4% in the second quarter. Financial Counselors Inc. now owns 3,773 shares of the company’s stock worth $1,446,000 after purchasing an additional 789 shares during the last quarter. Finally, Verus Capital Partners LLC grew its holdings in shares of CrowdStrike by 34.6% in the second quarter. Verus Capital Partners LLC now owns 914 shares of the company’s stock worth $350,000 after purchasing an additional 235 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

About CrowdStrike

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.