CrowdStrike (NASDAQ:CRWD) Shares Down 3.2% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares dropped 3.2% during mid-day trading on Wednesday . The stock traded as low as $390.71 and last traded at $395.79. Approximately 1,630,433 shares changed hands during trading, a decline of 48% from the average daily volume of 3,152,768 shares. The stock had previously closed at $408.68.

Wall Street Analyst Weigh In

CRWD has been the topic of several recent research reports. Susquehanna raised their price target on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. 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 report on Tuesday, December 24th. Oppenheimer raised their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Truist Financial upped their target price on shares of CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.00.

CrowdStrike Trading Down 2.3 %

The stock has a market cap of $98.31 billion, a price-to-earnings ratio of 776.63, a PEG ratio of 20.07 and a beta of 1.14. The business’s 50 day simple moving average is $360.37 and its 200 day simple moving average is $311.65. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,351 shares of company stock worth $38,935,113. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the stock. Berbice Capital Management LLC bought a new position in shares of CrowdStrike during the fourth quarter worth approximately $27,000. Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of CrowdStrike during the second quarter worth $38,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the third quarter valued at about $28,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike in the fourth quarter valued at about $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.