CrowdStrike (NASDAQ:CRWD) Shares Down 1.5% - Here's What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) was down 1.5% during trading on Tuesday . The company traded as low as $436.70 and last traded at $437.83. Approximately 502,066 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 5,081,408 shares. The stock had previously closed at $444.35.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CRWD shares. Bank of America raised 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. JPMorgan Chase & Co. lifted their price target on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Wells Fargo & Company lifted their price target on CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Roth Capital assumed coverage on CrowdStrike in a research report on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price objective for the company. Finally, Rosenblatt Securities restated a "buy" rating and set a $450.00 price objective on shares of CrowdStrike in a research report on Thursday, May 8th. Three investment 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, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $403.83.

CrowdStrike Stock Performance

The company has a market cap of $112.93 billion, a PE ratio of 893.33, a PEG 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. The company has a 50-day moving average of $395.04 and a 200-day moving average of $379.13.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now owns 768,092 shares of the company's stock, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,431 shares of company stock valued at $74,472,548 over the last 90 days. Insiders own 3.32% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cloud Capital Management LLC bought a new stake in shares of CrowdStrike in the first quarter valued at $25,000. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike in the first quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. raised 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, Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at $27,000. Hedge funds and other institutional investors 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.