CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.8% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded down 0.8% during trading on Monday . The stock traded as low as $419.12 and last traded at $421.48. 823,951 shares were traded during mid-day trading, a decline of 84% from the average session volume of 5,049,333 shares. The stock had previously closed at $424.88.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several research reports. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. BTIG Research upgraded CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price objective for the company in a research note on Tuesday, March 25th. Piper Sandler set a $347.00 price objective on CrowdStrike in a report on Wednesday, March 5th. Needham & Company LLC reiterated a “buy” rating and issued a $420.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Stifel Nicolaus reduced their price objective on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $400.76.

CrowdStrike Price Performance

The company has a market capitalization of $104.41 billion, a price-to-earnings ratio of 825.33, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. 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 company has a 50 day simple moving average of $369.96 and a 200 day simple moving average of $362.11.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the transaction, the director now directly owns 768,092 shares in the company, valued at approximately $248,984,702.72. This represents a 0.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Johanna Flower sold 2,974 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $362.48, for a total transaction of $1,078,015.52. Following the transaction, the director now directly owns 82,875 shares in the company, valued at $30,040,530. The trade was a 3.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,375 shares of company stock valued at $46,197,236. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Advisory Resource Group boosted its stake in shares of CrowdStrike by 37.9% during the 3rd quarter. Advisory Resource Group now owns 4,025 shares of the company’s stock worth $1,129,000 after acquiring an additional 1,106 shares in the last quarter. Westside Investment Management Inc. raised its holdings in CrowdStrike by 44.7% during the third quarter. Westside Investment Management Inc. now owns 4,988 shares of the company’s stock valued at $1,397,000 after buying an additional 1,542 shares in the last quarter. SOA Wealth Advisors LLC. boosted its holdings in shares of CrowdStrike by 25.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 241 shares of the company’s stock worth $68,000 after buying an additional 49 shares during the period. Pine Valley Investments Ltd Liability Co boosted its stake in CrowdStrike by 6.5% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 3,865 shares of the company’s stock valued at $1,084,000 after purchasing an additional 236 shares during the period. Finally, World Investment Advisors LLC raised its stake in CrowdStrike by 24.7% during the 3rd quarter. World Investment Advisors LLC now owns 2,514 shares of the company’s stock valued at $705,000 after purchasing an additional 498 shares during the last quarter. 71.16% of the stock is 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.