CrowdStrike (NASDAQ:CRWD) Trading Down 1.6% - What's Next?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) were down 1.6% during trading on Wednesday . The company traded as low as $414.41 and last traded at $424.18. Approximately 1,163,458 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 5,043,798 shares. The stock had previously closed at $430.99.

Analyst Upgrades and Downgrades

A number of research firms have commented on CRWD. Raymond James downgraded shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a research note on Monday, March 10th. Rosenblatt Securities reissued a "buy" rating and issued a $450.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $440.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Morgan Stanley decreased their target price on CrowdStrike from $429.00 to $415.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Bank of America lifted their price objective on CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $400.76.

CrowdStrike Trading Down 1.8 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $104.91 billion, a price-to-earnings ratio of 829.88, a PEG ratio of 17.86 and a beta of 1.28. The business has a 50 day simple moving average of $369.32 and a 200-day simple moving average of $363.30.

Insider Transactions at CrowdStrike

In other news, Director Gerhard Watzinger sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $409.00, for a total value of $4,294,500.00. Following the completion of the sale, the director now directly owns 42,391 shares of the company's stock, valued at $17,337,919. This trade represents a 19.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction 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 $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,875 shares of company stock valued at $50,491,736 over the last 90 days. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently added to or reduced their stakes in the company. Advisory Resource Group boosted its stake in shares of CrowdStrike by 37.9% in the 3rd quarter. Advisory Resource Group now owns 4,025 shares of the company's stock valued at $1,129,000 after purchasing an additional 1,106 shares in the last quarter. Westside Investment Management Inc. boosted its position in CrowdStrike by 44.7% in the third quarter. Westside Investment Management Inc. now owns 4,988 shares of the company's stock valued at $1,397,000 after buying an additional 1,542 shares in the last quarter. SOA Wealth Advisors LLC. grew its stake in shares of CrowdStrike by 25.5% during the third quarter. SOA Wealth Advisors LLC. now owns 241 shares of the company's stock worth $68,000 after buying an additional 49 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in shares of CrowdStrike by 6.5% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 3,865 shares of the company's stock valued at $1,084,000 after acquiring an additional 236 shares during the last quarter. Finally, World Investment Advisors LLC lifted its stake in shares of CrowdStrike by 24.7% in the 3rd quarter. World Investment Advisors LLC now owns 2,514 shares of the company's stock valued at $705,000 after acquiring an additional 498 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.

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