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

CrowdStrike (NASDAQ:CRWD - Get Free Report) shares were down 1.4% on Thursday . The stock traded as low as $478.82 and last traded at $485.16. 2,825,785 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 5,006,881 shares. The stock had previously closed at $492.03.

Analysts Set New Price Targets

Several analysts have recently weighed in on CRWD shares. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a report on Tuesday, June 3rd. DA Davidson boosted their price objective on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Mizuho raised their target price on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $475.00 price target (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $453.17.

CrowdStrike Stock Performance

The stock's 50-day moving average price is $438.65 and its 200 day moving average price is $395.73. The firm has a market cap of $119.88 billion, a P/E ratio of -697.47 and a beta of 1.16. 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 issued its quarterly 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. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. As a group, equities analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In related news, Director Roxanne S. Austin sold 10,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $482.50, for a total transaction of $4,825,000.00. Following the transaction, the director now directly owns 18,297 shares in the company, valued at approximately $8,828,302.50. The trade was a 35.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 25,000 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the sale, the president now owns 422,204 shares of the company's stock, valued at approximately $201,391,308. This represents a 5.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 201,748 shares of company stock worth $89,478,971 over the last ninety days. 3.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently added to or reduced their stakes in CRWD. Norges Bank bought a new position in shares of CrowdStrike in the fourth quarter valued at about $1,111,542,000. Nuveen LLC acquired a new position in CrowdStrike in the 1st quarter valued at about $595,766,000. Jennison Associates LLC raised its holdings in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the period. GAMMA Investing LLC lifted its position in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after acquiring an additional 1,084,506 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its holdings in shares of CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after acquiring an additional 1,017,678 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.