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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price dropped 1.1% during trading on Friday . The company traded as low as $373.10 and last traded at $375.62. Approximately 2,091,665 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 5,021,500 shares. The stock had previously closed at $379.84.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research analyst reports. UBS Group lowered their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Truist Financial dropped their target price on shares of CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Robert W. Baird lowered their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Raymond James cut CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $400.53.

CrowdStrike Trading Down 1.1 %

The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $93.11 billion, a P/E ratio of 736.52, a P/E/G ratio of 17.86 and a beta of 1.28. The company’s 50 day simple moving average is $376.90 and its 200-day simple moving average is $357.06.

Insiders Place Their Bets

In related news, Director Gerhard Watzinger sold 2,600 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $378.93, for a total value of $985,218.00. Following the transaction, the director now owns 60,291 shares of the company’s stock, valued at $22,846,068.63. This trade represents a 4.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael Sentonas sold 13,543 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares of the company’s stock, valued at approximately $145,351,554.96. This trade represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,401 shares of company stock worth $45,119,220 over the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently bought and sold shares of the company. FSA Wealth Management LLC raised its holdings in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after acquiring an additional 23 shares in the last quarter. Jacobi Capital Management LLC increased its position in CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC boosted its stake in shares of CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after purchasing an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its stake in shares of CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after purchasing an additional 30 shares in the last quarter. 71.16% of the stock is 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.