CrowdStrike (NASDAQ:CRWD) Shares Down 1.1% – Should You Sell?

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Truist Financial decreased their price target on shares of CrowdStrike from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Barclays lowered their price objective on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company boosted their target price on shares of CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $400.53.

CrowdStrike Trading Down 1.1 %

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 firm has a market cap of $93.11 billion, a PE ratio of 736.52, a PEG ratio of 17.86 and a beta of 1.28. The firm has a fifty day simple moving average of $376.90 and a two-hundred day simple moving average of $357.06.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’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 transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97 % 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. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently bought and sold shares of the business. Bell Bank boosted its position in shares of CrowdStrike by 196.3% in the 1st quarter. Bell Bank now owns 2,136 shares of the company’s stock worth $753,000 after purchasing an additional 1,415 shares in the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of CrowdStrike by 11.4% during the first quarter. Insigneo Advisory Services LLC now owns 6,564 shares of the company’s stock valued at $2,314,000 after acquiring an additional 672 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its position in shares of CrowdStrike by 9.2% in the 1st quarter. Robertson Stephens Wealth Management LLC now owns 1,048 shares of the company’s stock worth $370,000 after purchasing an additional 88 shares during the last quarter. Kercheville Advisors LLC grew its position in CrowdStrike by 8.4% during the 1st quarter. Kercheville Advisors LLC now owns 775 shares of the company’s stock valued at $273,000 after purchasing an additional 60 shares during the last quarter. Finally, Vicus Capital increased its stake in CrowdStrike by 85.3% during the 1st quarter. Vicus Capital now owns 1,277 shares of the company’s stock valued at $450,000 after purchasing an additional 588 shares in the last quarter. Institutional investors 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.