CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) fell 4.4% during mid-day trading on Friday . The company traded as low as $404.63 and last traded at $409.98. 2,078,938 shares changed hands during trading, a decline of 59% from the average session volume of 5,070,910 shares. The stock had previously closed at $428.63.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Susquehanna upped their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a research note on Wednesday, March 5th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Wednesday, March 5th. BTIG Research upgraded CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price objective on the stock in a research report on Tuesday, March 25th. Stephens assumed coverage on shares of CrowdStrike in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $450.00 price target on the stock. Finally, Scotiabank reissued a "sector perform" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $403.20.
Get Our Latest Stock Report on CrowdStrike
CrowdStrike Trading Down 4.3 %
The business has a 50 day moving average of $375.60 and a two-hundred day moving average of $369.00. The firm has a market capitalization of $101.71 billion, a price-to-earnings ratio of 804.56, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.
Insider Buying and Selling
In related news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. This represents a 4.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares in the company, valued at $248,984,702.72. This represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,551 shares of company stock worth $83,604,814 in the last ninety days. Corporate insiders own 4.34% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in shares of CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC grew its stake in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its position in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth $27,000. Finally, FPC Investment Advisory Inc. boosted its holdings in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other 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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