CrowdStrike (NASDAQ:CRWD) Shares Gap Down to $170.73

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) gapped down before the market opened on Friday . The stock had previously closed at $170.73, but opened at $166.12. CrowdStrike shares last traded at $166.65, with a volume of 582,442 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CRWD shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price objective on shares of CrowdStrike in a report on Thursday, August 31st. Rosenblatt Securities lifted their price objective on CrowdStrike from $175.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, August 31st. Barclays lifted their price objective on CrowdStrike from $173.00 to $186.00 and gave the company an “overweight” rating in a report on Wednesday. Morgan Stanley cut shares of CrowdStrike from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $178.00 to $167.00 in a research note on Monday, August 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of CrowdStrike from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, August 31st. Five investment analysts have rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.28.

CrowdStrike Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.82 and a current ratio of 1.82. The stock’s fifty day moving average price is $153.78 and its 200-day moving average price is $142.72. The company has a market capitalization of $39.75 billion, a P/E ratio of -416.41, a PEG ratio of 16.96 and a beta of 0.96.

Insider Activity

In other news, CAO Anurag Saha sold 815 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total value of $122,641.20. Following the sale, the chief accounting officer now directly owns 31,852 shares of the company’s stock, valued at approximately $4,793,088.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 9,218 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total transaction of $1,387,124.64. Following the completion of the sale, the insider now directly owns 228,752 shares in the company, valued at $34,422,600.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 815 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $150.48, for a total transaction of $122,641.20. Following the sale, the chief accounting officer now owns 31,852 shares of the company’s stock, valued at $4,793,088.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 342,479 shares of company stock valued at $51,344,648. 5.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the stock. Coppell Advisory Solutions Corp. bought a new position in shares of CrowdStrike during the fourth quarter worth approximately $25,000. Blue Bell Private Wealth Management LLC increased its holdings in shares of CrowdStrike by 173.1% during the second quarter. Blue Bell Private Wealth Management LLC now owns 213 shares of the company’s stock worth $31,000 after purchasing an additional 135 shares during the period. Freedom Wealth Alliance LLC bought a new position in shares of CrowdStrike during the fourth quarter worth approximately $32,000. Coppell Advisory Solutions LLC bought a new position in shares of CrowdStrike during the second quarter worth approximately $36,000. Finally, WealthPLAN Partners LLC bought a new position in shares of CrowdStrike during the first quarter worth approximately $38,000. 63.53% of the stock is currently owned by institutional investors and hedge funds.

About CrowdStrike

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.