CrowdStrike (NASDAQ:CRWD) Stock Price Down 4.9% – Time to Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was down 4.9% during mid-day trading on Monday . The company traded as low as $382.34 and last traded at $386.73. Approximately 2,058,671 shares traded hands during trading, a decline of 35% from the average daily volume of 3,181,014 shares. The stock had previously closed at $406.68.

Analysts Set New Price Targets

Several analysts have recently commented on CRWD shares. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $400.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Truist Financial upped their price target on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. UBS Group downgraded CrowdStrike from a “buy” rating to a “cautious” rating in a research report on Wednesday, February 5th. Barclays boosted their price objective on shares of CrowdStrike from $372.00 to $506.00 and gave the company an “overweight” rating in a report on Friday. Finally, Morgan Stanley increased their price objective on shares of CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $383.08.

CrowdStrike Price Performance

The stock has a market capitalization of $97.31 billion, a price-to-earnings ratio of 773.97, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $384.76 and its 200 day moving average is $331.06.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the sale, the director now directly owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction 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 completion of the transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,565 shares of company stock worth $51,038,529. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CRWD. Liberty Square Wealth Partners LLC purchased a new position in shares of CrowdStrike during the fourth quarter worth about $163,000. Great Valley Advisor Group Inc. lifted its position in CrowdStrike by 17.5% during the 4th quarter. Great Valley Advisor Group Inc. now owns 8,331 shares of the company’s stock worth $2,851,000 after acquiring an additional 1,240 shares during the period. Ameriflex Group Inc. purchased a new position in shares of CrowdStrike in the 4th quarter valued at approximately $192,000. United Advisor Group LLC acquired a new position in shares of CrowdStrike in the fourth quarter valued at approximately $242,000. Finally, Putney Financial Group LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $1,009,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.