CrowdStrike (NASDAQ:CRWD) Trading Down 1.6% on Analyst Downgrade

Key Points

• CrowdStrike's shares dropped 1.6% following a downgrade by DZ Bank from a hold rating to a sell rating, with a new price target of $440.00.
• Despite the downgrade, several analysts have set higher target prices for the stock, with a consensus rating of "Moderate Buy" and an average price target of $480.07.
• Recent insider selling included CEO George Kurtz offloading 42,267 shares, indicating potential confidence concerns within the company.

CrowdStrike (NASDAQ:CRWD - Get Free Report)'s share price traded down 1.6% during trading on Wednesday after DZ Bank downgraded the stock from a hold rating to a sell rating. DZ Bank now has a $440.00 price target on the stock. CrowdStrike traded as low as $474.48 and last traded at $476.33. 2,199,642 shares were traded during mid-day trading, a decline of 41% from the average session volume of 3,715,316 shares. The stock had previously closed at $484.10.

Several other equities research analysts also recently issued reports on the company. Mizuho increased their target price on CrowdStrike from $430.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 17th. Evercore ISI increased their target price on CrowdStrike from $405.00 to $430.00 in a research report on Thursday, September 18th. Canaccord Genuity Group increased their target price on CrowdStrike from $430.00 to $500.00 and gave the stock a "hold" rating in a research report on Monday. Citigroup restated an "outperform" rating on shares of CrowdStrike in a research report on Tuesday. Finally, Stephens increased their target price on CrowdStrike from $510.00 to $525.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $480.07.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the transaction, the director directly owned 18,858 shares of the company's stock, valued at $9,667,553.70. This represents a 33.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,973 shares of company stock valued at $39,121,937. 3.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the business. Cloud Capital Management LLC bought a new position in shares of CrowdStrike during the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC increased its position 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 acquiring an additional 40 shares in the last quarter. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike during the first quarter valued at approximately $26,000. AlphaQuest LLC purchased a new position in shares of CrowdStrike during the 2nd quarter worth $26,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Down 1.6%

The company's 50 day moving average price is $443.50 and its two-hundred day moving average price is $432.22. The firm has a market cap of $119.54 billion, a PE ratio of -400.27, a PEG ratio of 115.88 and a beta of 1.12. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company's revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, equities research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

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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