CrowdStrike (NASDAQ:CRWD) Trading Down 3.8% Following Analyst Downgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was down 3.8% during mid-day trading on Monday after Jefferies Financial Group lowered their price target on the stock from $425.00 to $410.00. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike traded as low as $337.89 and last traded at $343.42. Approximately 1,138,577 shares were traded during trading, a decline of 77% from the average daily volume of 4,886,492 shares. The stock had previously closed at $357.11.

A number of other research firms have also recently issued reports on CRWD. Stifel Nicolaus dropped their price objective on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Mizuho raised their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Raymond James lowered shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday, March 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $420.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $400.88.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,801 shares of company stock valued at $42,092,255 in the last three months. 4.34% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA raised its holdings in shares of CrowdStrike by 119.1% during the third quarter. Glenmede Trust Co. NA now owns 2,927 shares of the company’s stock worth $821,000 after purchasing an additional 1,591 shares during the last quarter. Benjamin Edwards Inc. grew its position in CrowdStrike by 260,400.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 5,210 shares of the company’s stock worth $1,461,000 after purchasing an additional 5,208 shares during the period. Hilltop Holdings Inc. raised its stake in shares of CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after buying an additional 34 shares during the last quarter. Harbor Advisors LLC lifted its holdings in shares of CrowdStrike by 47.1% in the 3rd quarter. Harbor Advisors LLC now owns 6,250 shares of the company’s stock valued at $1,753,000 after buying an additional 2,000 shares during the period. Finally, Harmony Asset Management LLC boosted its stake in shares of CrowdStrike by 20.3% in the third quarter. Harmony Asset Management LLC now owns 2,366 shares of the company’s stock worth $664,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

The firm has a fifty day moving average of $387.98 and a 200 day moving average of $350.89. 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 $89.82 billion, a price-to-earnings ratio of 710.56, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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.