CrowdStrike (NASDAQ:CRWD) Trading Down 0.5% - Here's What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) fell 0.5% during mid-day trading on Wednesday . The stock traded as low as $436.61 and last traded at $437.87. 755,502 shares changed hands during trading, a decline of 85% from the average session volume of 5,085,173 shares. The stock had previously closed at $440.20.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRWD. Bank of America boosted their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Roth Capital initiated coverage on shares of CrowdStrike in a report on Wednesday, April 23rd. They issued a "buy" rating and a $410.00 price target on the stock. DA Davidson lifted their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Barclays decreased their target price on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $403.56.

CrowdStrike Trading Up 1.9%

The firm has a market cap of $109.09 billion, a PE ratio of 861.41, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a 50-day simple moving average of $383.64 and a 200 day simple moving average of $373.37. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 2,141 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $371.79, for a total transaction of $796,002.39. Following the sale, the chief accounting officer now directly owns 34,024 shares in the company, valued at approximately $12,649,782.96. The trade was a 5.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 189,431 shares of company stock worth $76,275,228 in the last three months. Company insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

Several institutional investors have recently bought and sold shares of CRWD. Vanguard Group Inc. increased its holdings in CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after acquiring an additional 908,554 shares in the last quarter. Jennison Associates LLC raised its holdings in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. Geode Capital Management LLC lifted its position in CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Norges Bank acquired a new stake in shares of CrowdStrike in the 4th quarter worth $1,111,542,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of CrowdStrike by 39.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock worth $939,747,000 after acquiring an additional 760,222 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

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.