CrowdStrike (NASDAQ:CRWD) Trading Down 0.3% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell 0.3% during trading on Thursday . The company traded as low as $351.31 and last traded at $358.72. 2,546,001 shares were traded during trading, a decline of 6% from the average session volume of 2,694,437 shares. The stock had previously closed at $359.93.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CRWD shares. BMO Capital Markets increased their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. BNP Paribas initiated coverage on CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target for the company. Wells Fargo & Company lifted their price objective on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research report on Thursday, October 17th. Finally, Bank of America upped their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $365.88.

CrowdStrike Stock Down 0.3 %

The firm has a market cap of $88.36 billion, a price-to-earnings ratio of 703.39, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14. 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 stock has a 50-day moving average of $350.02 and a 200-day moving average of $313.90.

Insider Buying and Selling

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares in the company, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 18,071 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the sale, the chief executive officer now owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 116,601 shares of company stock valued at $40,755,368 in the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC grew its stake in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC raised its holdings in CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after buying an additional 920,695 shares during the period. Daiwa Securities Group Inc. boosted its stake in CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after purchasing an additional 371,695 shares in the last quarter. Finally, State Street Corp boosted its position in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after buying an additional 275,717 shares during the period. 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.