CrowdStrike (NASDAQ:CRWD) Trading Down 1.5% – Should You Sell?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 1.5% during mid-day trading on Tuesday . The company traded as low as $436.70 and last traded at $437.83. 502,066 shares changed hands during trading, a decline of 90% from the average session volume of 5,081,408 shares. The stock had previously closed at $444.35.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. UBS Group dropped their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Susquehanna increased their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating 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 stock an “overweight” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $403.56.

CrowdStrike Trading Down 1.3%

The firm has a market capitalization of $108.74 billion, a PE ratio of 861.84, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. 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 company has a fifty day moving average of $387.79 and a 200-day moving average of $376.25.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the 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 transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 22,449 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32. Following the sale, the chief executive officer now owns 2,178,452 shares of the company’s stock, valued at approximately $781,367,163.36. This trade represents a 1.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,431 shares of company stock valued at $74,472,548. 3.32% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Large investors have recently modified their holdings of the company. Grassi Investment Management acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $240,000. Ritholtz Wealth Management lifted its stake in shares of CrowdStrike by 39.8% in the fourth quarter. Ritholtz Wealth Management now owns 3,088 shares of the company’s stock valued at $1,057,000 after buying an additional 879 shares during the period. Merit Financial Group LLC grew its position in CrowdStrike by 192.4% during the fourth quarter. Merit Financial Group LLC now owns 3,371 shares of the company’s stock worth $1,153,000 after buying an additional 2,218 shares in the last quarter. HB Wealth Management LLC increased its stake in CrowdStrike by 3.1% during the fourth quarter. HB Wealth Management LLC now owns 7,624 shares of the company’s stock valued at $2,610,000 after acquiring an additional 232 shares during the period. Finally, Ameritas Advisory Services LLC raised its holdings in CrowdStrike by 5.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,731 shares of the company’s stock valued at $1,961,000 after acquiring an additional 294 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

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.