CrowdStrike (NASDAQ:CRWD) Shares Down 1.1% - What's Next?

CrowdStrike (NASDAQ:CRWD - Get Free Report) dropped 1.1% during trading on Tuesday . The stock traded as low as $470.52 and last traded at $470.98. Approximately 763,313 shares traded hands during trading, a decline of 84% from the average daily volume of 4,758,646 shares. The stock had previously closed at $476.18.

Wall Street Analyst Weigh In

CRWD has been the subject of several recent analyst reports. Stephens lifted their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Oppenheimer lifted their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. JMP Securities reaffirmed a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Mizuho lifted their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $456.60.

CrowdStrike Price Performance

The firm has a market capitalization of $117.96 billion, a P/E ratio of -684.88 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. The stock's fifty day simple moving average is $473.24 and its 200 day simple moving average is $413.85.

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

Insider Activity

In other news, CEO George Kurtz sold 55,556 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the transaction, the chief executive officer owned 2,192,610 shares in the company, valued at $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 25,000 shares of the company'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 owned 422,204 shares in the company, valued at approximately $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 quarter, insiders have sold 255,294 shares of company stock valued at $118,670,500. 3.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of CRWD. Cloud Capital Management LLC acquired a new position in CrowdStrike in the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC boosted its position in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in CrowdStrike in the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its position in CrowdStrike by 305.3% in the 1st 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 in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in CrowdStrike in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds 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.