CrowdStrike (NASDAQ:CRWD) Stock Price Down 1.2% – Here’s Why

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 1.2% during trading on Tuesday . The stock traded as low as $336.93 and last traded at $338.34. 664,180 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 5,032,162 shares. The stock had previously closed at $342.42.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wedbush set a $330.00 target price on CrowdStrike in a report on Thursday, October 17th. BMO Capital Markets increased their price target on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. UBS Group lowered their price target on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Finally, The Goldman Sachs Group dropped their price objective on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Stock Down 1.0 %

The firm’s 50 day moving average is $294.23 and its two-hundred day moving average is $309.66. The firm has a market cap of $84.41 billion, a P/E ratio of 505.57, a price-to-earnings-growth ratio of 23.22 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 analyst estimates of $958.27 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The business’s revenue was up 31.7% on a year-over-year basis. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

In other news, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value 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. This trade represents a 2.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,248 shares of company stock worth $31,103,350. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the 2nd quarter worth $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike in the 3rd quarter valued at about $28,000. Tsfg LLC raised its stake in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Family Firm Inc. bought a new stake in shares of CrowdStrike during the second quarter valued at about $30,000. Finally, Castleview Partners LLC bought a new stake in shares of CrowdStrike during the third quarter valued at about $32,000. Institutional investors 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.