CrowdStrike (NASDAQ:CRWD) Shares Gap Down on Analyst Downgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price gapped down prior to trading on Wednesday after UBS Group lowered their price target on the stock from $450.00 to $425.00. The stock had previously closed at $390.16, but opened at $361.68. UBS Group currently has a buy rating on the stock. CrowdStrike shares last traded at $349.95, with a volume of 4,113,289 shares.

A number of other equities analysts have also recently commented on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $450.00 price objective on shares of CrowdStrike in a research note on Wednesday. DA Davidson lifted their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James reissued an “outperform” rating and issued a $390.00 price objective (up from $360.00) on shares of CrowdStrike in a research note on Wednesday. Wedbush raised their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Stifel Nicolaus lowered their target price on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $400.10.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares in the company, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock valued at $38,387,254 in the last 90 days. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Large investors have recently bought and sold shares of the stock. Berbice Capital Management LLC purchased a new stake in CrowdStrike during the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. grew its position in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the 4th quarter valued at $34,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

The firm’s fifty day moving average price is $387.50 and its 200 day moving average price is $338.08. The firm has a market capitalization of $85.65 billion, a PE ratio of 681.84, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.