CrowdStrike (NASDAQ:CRWD) Stock Price Down 8.6% Following Analyst Downgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price was down 8.6% during mid-day trading on Wednesday after UBS Group lowered their price target on the stock from $450.00 to $425.00. UBS Group currently has a buy rating on the stock. CrowdStrike traded as low as $343.00 and last traded at $356.50. Approximately 7,302,792 shares were traded during trading, an increase of 105% from the average daily volume of 3,568,453 shares. The stock had previously closed at $390.16.

CRWD has been the topic of several other reports. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. DA Davidson increased their price objective on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $450.00 target price on shares of CrowdStrike in a report on Wednesday. Oppenheimer increased their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley raised their price target 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $400.10.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction 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 trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock valued at $38,387,254 over the last ninety days. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. FSA Wealth Management LLC increased its holdings in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC grew its holdings in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after buying an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in shares of CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after acquiring an additional 27 shares during the last quarter. Wintrust Investments LLC raised its holdings in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after acquiring an additional 29 shares during the period. Finally, Synergy Financial Group LTD boosted its position in shares of CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after acquiring an additional 30 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

The stock has a market cap of $85.65 billion, a PE ratio of 681.84, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock’s fifty day moving average is $387.50 and its 200-day moving average is $338.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.