CrowdStrike (NASDAQ:CRWD) Shares Down 0.9% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell 0.9% on Monday . The stock traded as low as $384.24 and last traded at $394.37. 1,363,409 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 3,172,316 shares. The stock had previously closed at $398.07.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wedbush set a $330.00 price target on shares of CrowdStrike in a report on Thursday, October 17th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Evercore ISI raised their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Cantor Fitzgerald boosted their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Scotiabank lifted their target price on CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $370.00.

CrowdStrike Stock Performance

The firm has a market capitalization of $97.93 billion, a price-to-earnings ratio of 779.56, a PEG ratio of 21.13 and a beta of 1.14. 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 firm’s fifty day moving average is $362.61 and its 200 day moving average is $312.29.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now owns 816,730 shares in the company, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock valued at $38,935,113 in the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Greystone Financial Group LLC acquired a new position in shares of CrowdStrike during the 4th quarter valued at about $7,244,000. Bradley Foster & Sargent Inc. CT boosted its position in CrowdStrike by 0.6% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 39,596 shares of the company’s stock worth $13,548,000 after purchasing an additional 248 shares during the period. Arcadia Investment Management Corp MI grew its holdings in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after purchasing an additional 2,814 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $128,000. Finally, Cromwell Holdings LLC lifted its stake in shares of CrowdStrike by 13.4% in the fourth quarter. Cromwell Holdings LLC now owns 652 shares of the company’s stock worth $223,000 after buying an additional 77 shares during the last quarter. Institutional investors and hedge funds 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.