CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.2% - Here's Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) was down 0.2% during mid-day trading on Tuesday . The company traded as low as $430.57 and last traded at $442.55. Approximately 1,037,920 shares traded hands during trading, a decline of 79% from the average daily volume of 5,044,244 shares. The stock had previously closed at $443.47.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Evercore ISI increased their target price on CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Jefferies Financial Group restated a "buy" rating on shares of CrowdStrike in a report on Wednesday. JMP Securities boosted their price target on shares of CrowdStrike from $400.00 to $500.00 and gave the stock a "market outperform" rating in a research note on Monday. Stephens assumed coverage on CrowdStrike in a research report on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $403.20.

CrowdStrike Trading Up 2.0 %

The business has a 50-day moving average price of $374.68 and a two-hundred day moving average price of $368.18. The company has a market cap of $106.83 billion, a P/E ratio of 845.91, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In other CrowdStrike news, CFO Burt W. Podbere sold 16,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the sale, the chief financial officer now owns 249,653 shares in the company, valued at approximately $109,068,402.64. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. This represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 214,431 shares of company stock valued at $86,974,223. 4.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CWA Asset Management Group LLC grew its stake in shares of CrowdStrike by 8.5% in the fourth quarter. CWA Asset Management Group LLC now owns 2,437 shares of the company's stock valued at $834,000 after acquiring an additional 190 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of CrowdStrike by 3.2% during the 4th quarter. Fulton Bank N.A. now owns 2,211 shares of the company's stock valued at $757,000 after purchasing an additional 68 shares during the last quarter. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. ORG Partners LLC grew its position in CrowdStrike by 811.7% during the 4th quarter. ORG Partners LLC now owns 2,498 shares of the company's stock worth $855,000 after acquiring an additional 2,224 shares during the last quarter. Finally, CCM Investment Advisers LLC lifted its holdings in shares of CrowdStrike by 31.5% during the fourth quarter. CCM Investment Advisers LLC now owns 34,043 shares of the company's stock worth $11,648,000 after purchasing an additional 8,160 shares during the period. Institutional investors own 71.16% of the company's stock.

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.