CrowdStrike (NASDAQ:CRWD) Trading Down 1.7% - Here's What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s stock price fell 1.7% on Thursday . The stock traded as low as $422.09 and last traded at $428.74. 963,082 shares changed hands during trading, a decline of 81% from the average session volume of 5,085,524 shares. The stock had previously closed at $435.94.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. BTIG Research raised shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 target price on the stock in a report on Tuesday, March 25th. Cantor Fitzgerald restated an "overweight" rating and issued a $440.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Susquehanna upped their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research note on Wednesday, March 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $450.00 price objective on shares of CrowdStrike in a research note on Thursday, May 8th. Finally, DA Davidson raised their price target on shares of CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $403.56.

CrowdStrike Price Performance

The company has a market capitalization of $108.88 billion, a PE ratio of 861.31, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. 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 company's 50 day simple moving average is $385.84 and its 200 day simple moving average is $374.26.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the 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 sale, the director now directly owns 768,092 shares of the company's stock, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,431 shares of company stock worth $76,275,228 over the last three months. Insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Grassi Investment Management purchased a new stake in CrowdStrike during the 4th quarter worth about $240,000. Park Avenue Securities LLC grew its holdings in CrowdStrike by 23.7% in the 4th quarter. Park Avenue Securities LLC now owns 12,197 shares of the company's stock valued at $4,173,000 after buying an additional 2,339 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in CrowdStrike by 42.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 495 shares of the company's stock valued at $169,000 after buying an additional 148 shares during the period. Redhawk Wealth Advisors Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at approximately $207,000. Finally, ERn Financial LLC acquired a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $281,000. 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.