CrowdStrike (NASDAQ:CRWD) Trading Down 0.9% – Here’s What Happened

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CRWD shares. UBS Group cut their price target on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. JMP Securities reiterated a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a report on Monday, November 4th. Jefferies Financial Group increased their price target on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Barclays lifted their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Needham & Company LLC increased their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Stock Down 4.6 %

The company has a market cap of $85.20 billion, a PE ratio of 503.75, a P/E/G ratio of 26.33 and a beta of 1.10. The stock has a 50-day moving average of $313.47 and a 200-day moving average of $312.77. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

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

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated 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 $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 sold a total of 108,248 shares of company stock worth $32,465,110 over the last three months. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently made changes to their positions in the business. Tri Ri Asset Management Corp purchased a new position in CrowdStrike in the 3rd quarter worth $5,456,000. Peapack Gladstone Financial Corp purchased a new position in shares of CrowdStrike in the third quarter worth about $497,000. Tidal Investments LLC boosted its holdings in CrowdStrike by 7.5% during the 3rd quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock valued at $6,959,000 after acquiring an additional 1,740 shares during the period. Wilmington Savings Fund Society FSB bought a new position in CrowdStrike during the 3rd quarter worth approximately $1,319,000. Finally, World Investment Advisors LLC increased its stake in CrowdStrike by 24.7% in the 3rd quarter. World Investment Advisors LLC now owns 2,514 shares of the company’s stock worth $705,000 after purchasing an additional 498 shares during the period. 71.16% of the stock is currently owned by 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.