CrowdStrike (NASDAQ:CRWD) Trading Down 2.3% - Here's Why

CrowdStrike (NASDAQ:CRWD - Get Free Report) fell 2.3% during trading on Monday . The company traded as low as $499.00 and last traded at $502.44. 1,046,160 shares traded hands during trading, a decline of 78% from the average session volume of 4,776,200 shares. The stock had previously closed at $514.10.

Analyst Upgrades and Downgrades

A number of research firms have commented on CRWD. Wells Fargo & Company raised their target price on shares of CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Stifel Nicolaus raised their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Susquehanna raised their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday, June 4th. Oppenheimer raised their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus price target of $453.88.

CrowdStrike Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The firm's 50 day moving average is $463.46 and its 200-day moving average is $406.65. The stock has a market capitalization of $125.99 billion, a price-to-earnings ratio of -732.55 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion during 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 business's revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. Analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of the company's 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 transaction, the president directly owned 422,204 shares in the company, valued at approximately $201,391,308. This represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the sale, the director directly owned 36,906 shares of the company's stock, valued at $17,306,330.58. The trade was a 29.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 249,571 shares of company stock valued at $115,469,993 in the last three months. Company insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently modified their holdings of CRWD. Brighton Jones LLC increased its position in CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after purchasing an additional 2,417 shares during the last quarter. Assetmark Inc. increased its position in CrowdStrike by 69.5% during the fourth quarter. Assetmark Inc. now owns 522 shares of the company's stock worth $179,000 after purchasing an additional 214 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in CrowdStrike during the fourth quarter worth about $254,000. Machina Capital S.A.S. acquired a new stake in CrowdStrike during the fourth quarter worth about $304,000. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in CrowdStrike by 3.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 57,641 shares of the company's stock worth $21,004,000 after purchasing an additional 1,780 shares during the last quarter. 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.