CrowdStrike (NASDAQ:CRWD) Shares Down 1.4% - Here's What Happened

Key Points

• CrowdStrike's shares fell by 1.4%, trading between $475.39 and $482.23 on Thursday, with volume down by 40% from average levels.
• Various analysts have raised their price targets for CrowdStrike, with Goldman Sachs increasing theirs to $535.00, while DZ Bank lowered theirs to $440.00.
• The company reported a 21.4% year-over-year revenue increase in its recent quarterly earnings, with actual EPS of $0.93 surpassing estimates of $0.83.

CrowdStrike (NASDAQ:CRWD - Get Free Report) traded down 1.4% on Thursday . The company traded as low as $475.39 and last traded at $482.23. 2,167,057 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 3,615,831 shares. The stock had previously closed at $489.02.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. KeyCorp boosted their price objective on shares of CrowdStrike from $495.00 to $510.00 and gave the stock an "overweight" rating in a report on Thursday, September 18th. Barclays boosted their target price on shares of CrowdStrike from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. The Goldman Sachs Group boosted their target price on shares of CrowdStrike from $492.00 to $535.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Canaccord Genuity Group boosted their target price on shares of CrowdStrike from $430.00 to $500.00 and gave the company a "hold" rating in a research note on Monday, September 22nd. Finally, DZ Bank lowered shares of CrowdStrike from a "hold" rating to a "sell" rating and set a $440.00 target price for the company. in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average price target of $494.02.

CrowdStrike Price Performance

The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $121.02 billion, a PE ratio of -405.23, a price-to-earnings-growth ratio of 114.90 and a beta of 1.19. The firm has a 50 day moving average price of $452.81 and a 200 day moving average price of $446.60.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike's revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 EPS. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, President Michael Sentonas sold 10,000 shares of the company's stock in a transaction on Friday, October 10th. The shares were sold at an average price of $515.00, for a total value of $5,150,000.00. Following the completion of the transaction, the president owned 354,116 shares of the company's stock, valued at approximately $182,369,740. This represents a 2.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,762 shares of the company's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $482.41, for a total transaction of $850,006.42. Following the completion of the transaction, the chief accounting officer directly owned 37,255 shares of the company's stock, valued at $17,972,184.55. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 155,743 shares of company stock worth $74,348,319 over the last three months. 3.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Carnegie Investment Counsel boosted its holdings in CrowdStrike by 6.7% in the 3rd quarter. Carnegie Investment Counsel now owns 22,601 shares of the company's stock worth $11,083,000 after buying an additional 1,428 shares during the period. LeConte Wealth Management LLC boosted its holdings in CrowdStrike by 26.2% in the 3rd quarter. LeConte Wealth Management LLC now owns 1,377 shares of the company's stock worth $675,000 after buying an additional 286 shares during the period. Halbert Hargrove Global Advisors LLC boosted its holdings in CrowdStrike by 304.5% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 89 shares of the company's stock worth $44,000 after buying an additional 67 shares during the period. Burney Co. boosted its holdings in CrowdStrike by 2.4% in the 3rd quarter. Burney Co. now owns 2,328 shares of the company's stock worth $1,142,000 after buying an additional 54 shares during the period. Finally, CRA Financial Services LLC boosted its holdings in CrowdStrike by 5.6% in the 3rd quarter. CRA Financial Services LLC now owns 3,099 shares of the company's stock worth $1,520,000 after buying an additional 165 shares during the period. Institutional investors 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.

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