CrowdStrike (NASDAQ:CRWD) Shares Down 0% – Here’s What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price traded down 0% during trading on Thursday . The company traded as low as $370.55 and last traded at $375.05. 771,435 shares were traded during mid-day trading, a decline of 84% from the average session volume of 4,728,179 shares. The stock had previously closed at $375.05.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CRWD shares. Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Mizuho raised their price target on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $399.51.

CrowdStrike Price Performance

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 $90.85 billion, a price-to-earnings ratio of 715.37, a PEG ratio of 17.86 and a beta of 1.19. The company has a 50 day moving average of $386.06 and a 200 day moving average of $343.34.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. The trade was a 4.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the transaction, the director now directly owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock valued at $38,319,124 over the last quarter. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Empirical Asset Management LLC purchased a new stake in CrowdStrike in the 4th quarter worth approximately $11,310,000. Arcadia Investment Management Corp MI lifted its position in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after buying an additional 2,814 shares during the period. Greenleaf Trust boosted its stake in CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after buying an additional 1,033 shares during the last quarter. Trifecta Capital Advisors LLC grew its holdings in CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after buying an additional 8,561 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of CrowdStrike by 42.6% during the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after acquiring an additional 13,323 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.