CrowdStrike (NASDAQ:CRWD) Shares Down 0.9% – Here’s Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price fell 0.9% during mid-day trading on Monday . The stock traded as low as $367.34 and last traded at $368.80. 1,482,965 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 4,968,801 shares. The stock had previously closed at $372.26.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Argus reduced their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. BNP Paribas began coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. Piper Sandler reaffirmed an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Cantor Fitzgerald increased their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $339.08.

CrowdStrike Price Performance

The company has a market capitalization of $89.15 billion, a PE ratio of 524.94, a price-to-earnings-growth ratio of 26.95 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company’s 50 day simple moving average is $308.04 and its 200 day simple moving average is $311.89.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the firm posted $0.06 EPS. The company’s revenue was up 31.7% on a year-over-year basis. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

Insider Activity

In other news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 108,248 shares of company stock valued at $32,465,110. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWD. Beacon Financial Advisory LLC acquired a new position in shares of CrowdStrike during the third quarter worth about $955,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after purchasing an additional 78,305 shares in the last quarter. Burney Co. acquired a new position in CrowdStrike during the 1st quarter worth approximately $1,342,000. Doliver Advisors LP raised its stake in shares of CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after buying an additional 4,664 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after buying an additional 2,863 shares during the period. 71.16% of the stock is owned by hedge funds and other 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.