CrowdStrike (NASDAQ:CRWD) Trading Down 1.6% - Time to Sell?

CrowdStrike (NASDAQ:CRWD - Get Free Report) shares traded down 1.6% during mid-day trading on Tuesday . The stock traded as low as $481.80 and last traded at $483.85. 1,378,886 shares were traded during trading, a decline of 71% from the average session volume of 4,792,591 shares. The stock had previously closed at $491.81.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of recent research reports. Barclays set a $500.00 target price on shares of CrowdStrike in a research report on Tuesday, June 3rd. Sanford C. Bernstein lowered shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price on the stock. in a research note on Friday, June 6th. Royal Bank Of Canada upped their price target on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Finally, Citigroup restated an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $453.17.

CrowdStrike Stock Performance

The stock's 50-day simple moving average is $444.73 and its 200 day simple moving average is $398.54. The company has a market capitalization of $123.15 billion, a PE ratio of -716.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 earnings per share. As a group, research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the transaction, the director now owns 62,891 shares in the company, valued at $22,613,716.87. This trade represents a 13.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now directly owns 768,092 shares of the company's stock, valued at $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 240,821 shares of company stock worth $108,501,609 over the last three months. Insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in CrowdStrike in the first quarter valued at $25,000. Vision Financial Markets LLC acquired a new position in CrowdStrike in the 1st quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of CrowdStrike during the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

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.