CrowdStrike (NASDAQ:CRWD) Trading Down 0.5% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 0.5% during trading on Monday . The stock traded as low as $344.72 and last traded at $345.97. Approximately 2,425,516 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 5,006,974 shares. The stock had previously closed at $347.59.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CRWD shares. Sanford C. Bernstein cut their target price on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Barclays upped their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Needham & Company LLC lifted their target price on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald boosted their price target on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Trading Down 0.5 %

The company has a market cap of $84.81 billion, a price-to-earnings ratio of 678.39, a PEG ratio of 25.05 and a beta of 1.10. The company has a current ratio of 1.86, a quick ratio of 1.90 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average price is $315.80 and its 200-day moving average price is $312.87.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $982.80 million. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business’s revenue was up 28.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 earnings per share. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 10,776 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the sale, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. The trade was a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 in the last 90 days. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CRWD. Beacon Financial Advisory LLC bought a new position in CrowdStrike during the third quarter worth $955,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after buying an additional 78,305 shares in the last quarter. Doliver Advisors LP grew its position 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 during the period. DekaBank Deutsche Girozentrale boosted its stake in CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after acquiring an additional 2,863 shares in the last quarter. Finally, Hemenway Trust Co LLC grew its holdings in CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after purchasing an additional 5,352 shares during the period. Institutional investors and hedge funds 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.