CrowdStrike (NASDAQ:CRWD) Shares Down 2.3% - What's Next?

Key Points

• CrowdStrike's stock saw a decline of 2.3%, dropping to approximately $484.62, with trading volume down by 22% compared to the average daily volume.
• Analyst ratings show a mix of opinions, with one firm upgrading the target price to $550 while others lowered their ratings, leading to an overall consensus of a "Moderate Buy" with an average target price of $487.11.
• The company reported a quarterly revenue of $1.17 billion, exceeding analyst expectations, and has set its fiscal year 2026 guidance at an EPS range of 3.600-3.72.

CrowdStrike (NASDAQ:CRWD - Get Free Report)'s stock price dropped 2.3% on Tuesday . The stock traded as low as $476.52 and last traded at $484.62. Approximately 2,837,357 shares traded hands during trading, a decline of 22% from the average daily volume of 3,654,164 shares. The stock had previously closed at $495.95.

Analyst Ratings Changes

Several research firms have weighed in on CRWD. JMP Securities lifted their target price on CrowdStrike from $500.00 to $550.00 and gave the company a "market outperform" rating in a research note on Tuesday, September 23rd. DZ Bank lowered shares of CrowdStrike from a "hold" rating to a "sell" rating and set a $440.00 price objective on the stock. in a research note on Wednesday, September 24th. Piper Sandler cut their target price on shares of CrowdStrike from $505.00 to $450.00 and set a "neutral" rating for the company in a research report on Thursday, August 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of CrowdStrike from $430.00 to $435.00 and gave the company a "hold" rating in a report on Thursday, September 18th. Finally, Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $487.11.

CrowdStrike Stock Performance

The company has a market cap of $121.62 billion, a P/E ratio of -407.24, a price-to-earnings-growth ratio of 115.12 and a beta of 1.19. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock's 50-day moving average price is $446.69 and its 200 day moving average price is $441.44.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 2,234 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.68, for a total transaction of $1,107,349.12. Following the sale, the chief accounting officer directly owned 39,017 shares in the company, valued at $19,339,946.56. This represents a 5.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,816 shares of company stock valued at $62,606,356 in the last ninety days. 3.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently made changes to their positions in CRWD. Blue Trust Inc. increased its stake in shares of CrowdStrike by 20.4% in the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after acquiring an additional 215 shares during the last quarter. OLD National Bancorp IN acquired a new stake in CrowdStrike in the first quarter worth $248,000. Bessemer Group Inc. boosted its position in shares of CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after purchasing an additional 98 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of CrowdStrike by 33.2% during the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after purchasing an additional 5,998 shares in the last quarter. Finally, Benchmark Investment Advisors LLC grew its holdings in shares of CrowdStrike by 90.8% in the 1st quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock valued at $3,613,000 after buying an additional 4,877 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

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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