CrowdStrike (NASDAQ:CRWD) Stock Price Down 1.4% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded down 1.4% on Thursday . The company traded as low as $394.00 and last traded at $391.45. 840,058 shares were traded during trading, a decline of 74% from the average session volume of 3,178,704 shares. The stock had previously closed at $397.07.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. CICC Research started coverage on CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. KeyCorp lifted their target price on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Rosenblatt Securities increased their price target on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, nine have given 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 an average rating of “Moderate Buy” and an average target price of $369.00.

CrowdStrike Price Performance

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 firm’s 50-day moving average is $361.31 and its 200-day moving average is $312.25. The company has a market cap of $97.75 billion, a PE ratio of 778.19, a PEG ratio of 20.07 and a beta of 1.14.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the transaction, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,351 shares of company stock worth $38,935,113. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several institutional investors have recently bought and sold shares of CRWD. TigerOak Management L.L.C. bought a new position in shares of CrowdStrike in the fourth quarter worth approximately $262,000. American Financial Advisors LLC lifted its position in CrowdStrike by 25.6% in the 4th quarter. American Financial Advisors LLC now owns 980 shares of the company’s stock valued at $335,000 after acquiring an additional 200 shares in the last quarter. Roxbury Financial LLC purchased a new stake in CrowdStrike during the 4th quarter valued at $882,000. Manchester Capital Management LLC increased its holdings in shares of CrowdStrike by 123.2% in the 4th quarter. Manchester Capital Management LLC now owns 558 shares of the company’s stock worth $191,000 after purchasing an additional 308 shares in the last quarter. Finally, Empire Life Investments Inc. purchased a new position in shares of CrowdStrike in the fourth quarter worth $916,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.