CrowdStrike (NASDAQ:CRWD) Stock Price Down 2.3% - Should You Sell?

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Mizuho upped their price target on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. DA Davidson upped their price target on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Jefferies Financial Group upped their price target on CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Susquehanna upped their price target on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Finally, UBS Group reissued a "buy" rating on shares of CrowdStrike in a report on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $453.88.

CrowdStrike Stock Down 2.1%

The firm has a market capitalization of $125.42 billion, a P/E ratio of -728.92 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. The business's fifty day moving average price is $463.46 and its two-hundred day moving average price is $406.65.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. The business 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 quarterly 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. Equities analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Burt W. Podbere sold 16,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the transaction, the chief financial officer owned 249,653 shares of the company's stock, valued at approximately $109,068,402.64. The trade was a 6.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 25,000 shares of the business's stock in a transaction dated 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 transaction, the president directly owned 422,204 shares in the company, valued at approximately $201,391,308. The trade was a 5.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,571 shares of company stock worth $115,469,993. Insiders own 3.32% of the company's stock.

Institutional Inflows and Outflows

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

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