CrowdStrike (NASDAQ:CRWD) Trading Down 1.1% - Time to Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares dropped 1.1% during trading on Wednesday . The stock traded as low as $466.00 and last traded at $466.86. Approximately 1,032,766 shares were traded during trading, a decline of 80% from the average daily volume of 5,110,772 shares. The stock had previously closed at $472.22.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRWD. Wells Fargo & Company boosted their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Evercore ISI upped their target price on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. BMO Capital Markets raised their price target on CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. DA Davidson boosted their price target on CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $440.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Three 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 given a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average price target of $407.29.

CrowdStrike Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market cap of $113.73 billion, a P/E ratio of 899.65, a P/E/G ratio of 17.86 and a beta of 1.22. The stock's fifty day moving average price is $402.56 and its two-hundred day moving average price is $382.80.

Insider Activity

In other news, CAO Anurag Saha sold 2,141 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $371.79, for a total value 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. This trade represents a 5.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,431 shares of company stock worth $79,162,548. Insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

A number of hedge funds have recently added to or reduced their stakes in CRWD. Cloud Capital Management LLC bought a new stake in CrowdStrike during the 1st quarter worth $25,000. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike during the first quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the period. Finally, FPC Investment Advisory Inc. raised its holdings in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

About CrowdStrike

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.