CrowdStrike (NASDAQ:CRWD) Shares Down 1.8% – Should You Sell?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 1.8% during trading on Monday . The stock traded as low as $349.55 and last traded at $357.00. 5,025,151 shares traded hands during trading, an increase of 88% from the average session volume of 2,670,549 shares. The stock had previously closed at $363.38.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Wedbush set a $330.00 target price on shares of CrowdStrike in a report on Thursday, October 17th. Robert W. Baird lifted their price objective on shares of CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Evercore ISI lifted their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Finally, Susquehanna lifted their price objective on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $369.00.

CrowdStrike Stock Up 2.6 %

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 stock has a market capitalization of $90.25 billion, a P/E ratio of 718.47, a price-to-earnings-growth ratio of 18.99 and a beta of 1.14. The stock’s fifty day simple moving average is $356.16 and its two-hundred day simple moving average is $311.67.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares in the company, valued at $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently modified their holdings of the company. High Net Worth Advisory Group LLC grew its holdings in CrowdStrike by 38.1% in the fourth quarter. High Net Worth Advisory Group LLC now owns 1,276 shares of the company’s stock worth $437,000 after purchasing an additional 352 shares during the period. Stablepoint Partners LLC grew its holdings in CrowdStrike by 13.1% in the fourth quarter. Stablepoint Partners LLC now owns 4,776 shares of the company’s stock worth $1,634,000 after purchasing an additional 554 shares during the period. M3 Advisory Group LLC grew its holdings in CrowdStrike by 2.8% in the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock worth $407,000 after purchasing an additional 32 shares during the period. Avaii Wealth Management LLC grew its holdings in CrowdStrike by 10.1% in the fourth quarter. Avaii Wealth Management LLC now owns 1,459 shares of the company’s stock worth $499,000 after purchasing an additional 134 shares during the period. Finally, Crescent Grove Advisors LLC grew its holdings in CrowdStrike by 59.9% in the fourth quarter. Crescent Grove Advisors LLC now owns 1,223 shares of the company’s stock worth $418,000 after purchasing an additional 458 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Company Profile

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.