CrowdStrike (NASDAQ:CRWD) Trading Down 0.9% - Here's What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) traded down 0.9% on Wednesday . The stock traded as low as $434.01 and last traded at $438.18. 1,034,764 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 5,083,616 shares. The stock had previously closed at $442.25.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Mizuho cut shares of CrowdStrike from an "outperform" rating to a "neutral" rating and set a $425.00 price objective for the company. in a research report on Thursday, May 15th. Wedbush upped their price objective on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Baird R W cut CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Barclays reduced their price objective on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company increased their target price on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $403.56.

CrowdStrike Stock Down 0.1%

The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $389.98 and a 200-day simple moving average of $376.71. The company has a market capitalization of $109.47 billion, a P/E ratio of 871.40, a P/E/G ratio of 17.86 and a beta of 1.22.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the company'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 $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $449.00, for a total transaction of $4,490,000.00. Following the completion of the sale, the director now owns 49,500 shares in the company, valued at $22,225,500. This represents a 16.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,431 shares of company stock worth $74,472,548. Company insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

Institutional investors have recently added to or reduced their stakes in the stock. McAdam LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at about $204,000. Geneos Wealth Management Inc. boosted its stake in CrowdStrike by 33.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock valued at $8,483,000 after purchasing an additional 5,998 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in CrowdStrike by 9.8% during the first quarter. IFM Investors Pty Ltd now owns 46,656 shares of the company's stock worth $16,450,000 after buying an additional 4,176 shares in the last quarter. Blue Rock Wealth Management LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at about $229,000. Finally, Intech Investment Management LLC boosted its stake in shares of CrowdStrike by 11.7% in the 1st quarter. Intech Investment Management LLC now owns 7,723 shares of the company's stock worth $2,723,000 after buying an additional 808 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

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.

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