CrowdStrike (NASDAQ:CRWD) Trading Down 1.6% – Should You Sell?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) were down 1.6% during trading on Tuesday . The stock traded as low as $354.13 and last traded at $360.34. Approximately 880,901 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 2,231,845 shares. The stock had previously closed at $366.36.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CRWD. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a report on Monday, September 30th. KeyCorp boosted their price target on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. The Goldman Sachs Group raised their price objective on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. Finally, JMP Securities reissued a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $365.88.

CrowdStrike Trading Down 1.3 %

The business has a fifty day moving average of $348.02 and a 200-day moving average of $313.73. 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 capitalization of $89.08 billion, a P/E ratio of 709.13, a PEG ratio of 19.48 and a beta of 1.14.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the sale, the insider now directly owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,601 shares of company stock worth $40,755,368 over the last three months. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently bought and sold shares of the business. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike in the 2nd quarter valued at about $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter valued at approximately $28,000. Tsfg LLC grew its stake in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. Castleview Partners LLC bought a new position in shares of CrowdStrike in the 3rd quarter worth $32,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of CrowdStrike during 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.