CrowdStrike (NASDAQ:CRWD) Shares Down 1.6% After Analyst Downgrade

Key Points

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CrowdStrike (NASDAQ:CRWD - Get Free Report) dropped 1.6% during mid-day trading on Tuesday after Evercore ISI lowered their price target on the stock from $440.00 to $425.00. Evercore ISI currently has an in-line rating on the stock. CrowdStrike traded as low as $422.50 and last traded at $419.73. Approximately 894,688 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 3,691,322 shares. The stock had previously closed at $426.34.

Several other analysts have also recently weighed in on CRWD. Bank of America reissued a "neutral" rating and issued a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective on the stock. in a research report on Thursday, May 22nd. Needham & Company LLC lifted their target price on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. Finally, Scotiabank boosted their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $460.81.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Johanna Flower sold 2,073 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total transaction of $983,037.33. Following the transaction, the director directly owned 81,383 shares in the company, valued at approximately $38,592,632.43. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently made changes to their positions in the business. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike in the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike in the 1st quarter worth approximately $26,000. AlphaQuest LLC acquired a new position in shares of CrowdStrike in the 2nd quarter worth approximately $26,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Performance

The firm's fifty day simple moving average is $472.03 and its 200 day simple moving average is $427.40. The company has a market capitalization of $104.88 billion, a price-to-earnings ratio of -608.70 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the company posted $0.93 earnings per share. The business's revenue for the quarter was up 19.8% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. On average, sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

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.

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