CrowdStrike (NASDAQ:CRWD) Trading Down 0.5% – Here’s Why

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

Analyst Ratings Changes

CRWD has been the subject of several recent research reports. DA Davidson reiterated a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a report on Wednesday, September 18th. Royal Bank of Canada lowered their target price on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Citigroup raised their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company lifted their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, BNP Paribas assumed coverage on CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Stock Performance

The business’s fifty day moving average is $315.80 and its 200-day moving average is $312.87. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $84.81 billion, a PE ratio of 678.39, a P/E/G ratio of 25.05 and a beta of 1.10.

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

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock valued at $32,465,110 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Institutional investors have recently made changes to their positions in the business. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike during the 2nd quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the third quarter valued at about $28,000. Tsfg LLC raised its stake in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the second quarter worth about $30,000. Finally, Castleview Partners LLC acquired a new position in CrowdStrike in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Company Profile

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.