CrowdStrike (NASDAQ:CRWD) Stock Price Down 2% – Here’s What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price fell 2% during trading on Wednesday . The stock traded as low as $339.72 and last traded at $342.16. 2,235,128 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 4,873,307 shares. The stock had previously closed at $349.31.

Wall Street Analyst Weigh In

CRWD has been the subject of several analyst reports. KeyCorp raised their price target on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. BNP Paribas started coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective for the company. Piper Sandler upped their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Needham & Company LLC raised their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $364.25.

CrowdStrike Stock Performance

The business’s fifty day moving average price is $344.69 and its two-hundred day moving average price is $314.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market capitalization of $85.55 billion, a P/E ratio of 681.07, a P/E/G ratio of 19.48 and a beta of 1.11.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 5,505 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $1,973,377.35. Following the completion of the sale, the insider now owns 110,293 shares in the company, valued at $39,536,731.71. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike 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 completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,351 shares of company stock worth $38,595,056. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Several large investors have recently added to or reduced their stakes in CRWD. Natixis Advisors LLC lifted its holdings in CrowdStrike by 6.4% in the 2nd quarter. Natixis Advisors LLC now owns 35,416 shares of the company’s stock valued at $13,571,000 after purchasing an additional 2,124 shares in the last quarter. Founders Financial Securities LLC grew its stake in shares of CrowdStrike by 7.5% during the second quarter. Founders Financial Securities LLC now owns 1,594 shares of the company’s stock worth $611,000 after purchasing an additional 111 shares in the last quarter. Cozad Asset Management Inc. purchased a new position in shares of CrowdStrike in the 2nd quarter valued at about $323,000. Simon Quick Advisors LLC raised its holdings in CrowdStrike by 8.1% during the second quarter. Simon Quick Advisors LLC now owns 879 shares of the company’s stock worth $337,000 after purchasing an additional 66 shares in the last quarter. Finally, Stablepoint Partners LLC acquired a new stake in CrowdStrike during the 2nd quarter worth $985,000. 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.