CrowdStrike (NASDAQ:CRWD) Shares Down 3.8% on Analyst Downgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price dropped 3.8% during mid-day trading on Monday after Jefferies Financial Group lowered their price target on the stock from $425.00 to $410.00. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike traded as low as $337.89 and last traded at $343.42. Approximately 1,138,577 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 4,886,492 shares. The stock had previously closed at $357.11.

CRWD has been the subject of several other research reports. Morgan Stanley set a $429.00 price target on shares of CrowdStrike in a research note on Tuesday, March 18th. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Susquehanna upped their target price on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, March 5th. Finally, UBS Group lowered their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $399.62.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 2,547 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $365.96, for a total transaction of $932,100.12. Following the sale, the insider now owns 82,071 shares of the company’s stock, valued at approximately $30,034,703.16. This represents a 3.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, 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. In the last ninety days, insiders have sold 110,801 shares of company stock worth $42,092,255. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

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

CrowdStrike Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a 50 day moving average of $388.06 and a 200 day moving average of $350.16. The firm has a market cap of $87.40 billion, a P/E ratio of 691.35, a PEG ratio of 17.86 and a beta of 1.19.

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.