CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares dropped 2.9% during trading on Monday . The company traded as low as $361.83 and last traded at $364.76. Approximately 710,736 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 4,095,929 shares. The stock had previously closed at $375.62.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on CRWD. Scotiabank reaffirmed a "sector perform" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Barclays dropped their target price on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Susquehanna upped their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a report on Wednesday, March 5th. UBS Group cut their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, Morgan Stanley lowered their target price on CrowdStrike from $429.00 to $415.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $400.76.
Read Our Latest Research Report on CRWD
CrowdStrike Stock Performance
The company has a fifty day moving average price of $369.96 and a two-hundred day moving average price of $361.34. 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 company has a market capitalization of $105.32 billion, a P/E ratio of 833.11, a PEG ratio of 17.86 and a beta of 1.28.
Insider Activity
In related news, CEO George Kurtz sold 22,449 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the transaction, the chief executive officer now owns 2,178,452 shares in the company, valued at $781,367,163.36. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Johanna Flower sold 2,974 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $362.48, for a total value of $1,078,015.52. Following the completion of the transaction, the director now owns 82,875 shares in the company, valued at approximately $30,040,530. The trade was a 3.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,375 shares of company stock valued at $46,197,236. 4.34% of the stock is currently owned by insiders.
Institutional Investors Weigh In On CrowdStrike
A number of institutional investors have recently added to or reduced their stakes in CRWD. FSA Wealth Management LLC grew its holdings in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after acquiring an additional 23 shares in the last quarter. Jacobi Capital Management LLC grew its stake in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after purchasing an additional 25 shares during the period. Tradewinds Capital Management LLC increased its position in shares of CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after buying an additional 27 shares during the last quarter. Finally, Wintrust Investments LLC grew its position in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after buying an additional 29 shares during the period. 71.16% of the stock is owned by institutional investors.
About CrowdStrike
(
Get Free Report)
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.
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