CrowdStrike (NASDAQ:CRWD) Shares Gap Down After Analyst Downgrade

Key Points

• CrowdStrike shares gapped down from $422.61 to $410.00 following a price target downgrade by UBS Group from $545.00 to $500.00, although the firm maintains a buy rating on the stock.
• Multiple analysts have adjusted their ratings and price targets for CrowdStrike, with recommendations ranging from "buy" to "strong sell," reflecting mixed sentiment in the market.
• Insider trading activity included the CFO and President selling shares, with insiders having sold a total of 204,414 shares worth $96.8 million over the last ninety days.

CrowdStrike (NASDAQ:CRWD - Get Free Report) shares gapped down prior to trading on Thursday after UBS Group lowered their price target on the stock from $545.00 to $500.00. The stock had previously closed at $422.61, but opened at $410.00. UBS Group currently has a buy rating on the stock. CrowdStrike shares last traded at $434.17, with a volume of 4,077,276 shares trading hands.

CRWD has been the subject of several other reports. Bank of America reissued a "neutral" rating and issued a $470.00 price objective (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research note on Thursday. Evercore ISI cut their price target on CrowdStrike from $425.00 to $405.00 and set an "in-line" rating for the company in a research note on Thursday. DZ Bank cut CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target for the company. in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group raised their price target on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Twenty-six research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $459.00.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer owned 231,130 shares of the company's stock, valued at $105,272,781.10. The trade was a 4.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the transaction, the president directly owned 422,204 shares of the company's stock, valued at $201,391,308. This trade represents a 5.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,414 shares of company stock worth $96,794,738. Insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. grew its holdings in CrowdStrike by 41.2% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 8,155 shares of the company's stock valued at $4,153,000 after buying an additional 2,379 shares during the period. Thrivent Financial for Lutherans grew its holdings in CrowdStrike by 7.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 59,532 shares of the company's stock valued at $30,234,000 after buying an additional 3,878 shares during the period. MASTERINVEST Kapitalanlage GmbH purchased a new stake in CrowdStrike in the 2nd quarter valued at about $479,000. Stance Capital LLC purchased a new stake in CrowdStrike in the 2nd quarter valued at about $1,378,000. Finally, Thompson Davis & CO. Inc. grew its holdings in CrowdStrike by 7.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,400 shares of the company's stock valued at $713,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Up 2.3%

The firm has a market capitalization of $107.74 billion, a price-to-earnings ratio of -626.49 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average price of $463.39 and a two-hundred day moving average price of $427.49.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.The company's revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, equities analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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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