CrowdStrike (NASDAQ:CRWD) Trading Down 1% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded down 1% on Wednesday . The company traded as low as $301.24 and last traded at $305.36. 641,779 shares were traded during trading, a decline of 88% from the average session volume of 5,155,421 shares. The stock had previously closed at $308.51.

Analysts Set New Price Targets

A number of research firms have issued reports on CRWD. Robert W. Baird reduced their target price on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Stifel Nicolaus reduced their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Royal Bank of Canada reduced their target price on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Trading Down 1.9 %

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 has a market cap of $72.66 billion, a price-to-earnings ratio of 584.92, a PEG ratio of 19.94 and a beta of 1.10. The business’s 50-day simple moving average is $280.61 and its 200-day simple moving average is $308.07.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. Research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the transaction, the director now directly owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,212 shares of company stock worth $30,529,413. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike in the second quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in CrowdStrike in the second quarter valued at approximately $30,000. Itau Unibanco Holding S.A. purchased a new stake in CrowdStrike in the second quarter valued at approximately $33,000. Unique Wealth Strategies LLC purchased a new stake in CrowdStrike in the second quarter valued at approximately $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike in the first quarter valued at approximately $30,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.