CrowdStrike (NASDAQ:CRWD) Stock Price Down 1.1% – Here’s Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price dropped 1.1% during trading on Monday . The stock traded as low as $354.23 and last traded at $358.15. Approximately 1,156,031 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 4,922,185 shares. The stock had previously closed at $362.29.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald increased their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. KeyCorp raised their price objective on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. raised their price target on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, TD Cowen reduced their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $364.25.

CrowdStrike Stock Performance

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 has a market cap of $90.10 billion, a price-to-earnings ratio of 717.25, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11. The stock has a 50-day moving average price of $339.18 and a 200 day moving average price of $315.67.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the completion of the transaction, the director now owns 809,266 shares in the company, valued at approximately $282,708,984.44. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 60,036 shares of company stock valued at $20,523,497. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CRWD. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the third quarter worth $28,000. Tsfg LLC boosted its holdings in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Castleview Partners LLC bought a new position in CrowdStrike in the third quarter valued at $32,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in CrowdStrike in the 2nd quarter valued at $33,000. 71.16% of the stock is currently owned by institutional investors.

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.