CrowdStrike (NASDAQ:CRWD) Trading Down 1.8% - Here's What Happened

Key Points

• CrowdStrike's stock price fell by 1.8% to $484.10 with trading volume down 27% from the average session.
• Research analysts maintain a positive outlook, with an average target price of $477.21 and several firms issuing "buy" ratings.
• CrowdStrike reported a 21.4% increase in quarterly revenue year-over-year, exceeding analysts' expectations with earnings of $0.93 per share.

CrowdStrike (NASDAQ:CRWD - Get Free Report) shares fell 1.8% on Tuesday . The company traded as low as $481.10 and last traded at $484.10. 2,719,284 shares were traded during trading, a decline of 27% from the average session volume of 3,725,303 shares. The stock had previously closed at $493.14.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CRWD shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $510.00 price target on shares of CrowdStrike in a research note on Thursday, September 18th. BTIG Research reiterated a "buy" rating and issued a $489.00 target price on shares of CrowdStrike in a research report on Thursday, September 18th. Mizuho lifted their target price on CrowdStrike from $430.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, September 17th. Capital One Financial lifted their target price on CrowdStrike from $495.00 to $519.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. Finally, UBS Group decreased their target price on CrowdStrike from $545.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and twenty have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $477.21.

CrowdStrike Stock Performance

The company has a market capitalization of $121.49 billion, a P/E ratio of -406.80, a PEG ratio of 120.33 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The company has a fifty day moving average price of $443.28 and a two-hundred day moving average price of $431.86.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released 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 company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Equities analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the sale, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the company'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 value of $19,040,015.49. Following the completion of the sale, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,973 shares of company stock valued at $46,586,987 over the last three months. Insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in CrowdStrike by 20.4% in the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after acquiring an additional 215 shares during the last quarter. OLD National Bancorp IN acquired a new position in CrowdStrike in the first quarter valued at approximately $248,000. Bessemer Group Inc. lifted its stake in CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after buying an additional 98 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of CrowdStrike by 33.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock valued at $8,483,000 after acquiring an additional 5,998 shares during the period. Finally, Benchmark Investment Advisors LLC lifted its position in shares of CrowdStrike by 90.8% during the 1st quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock valued at $3,613,000 after acquiring an additional 4,877 shares during the period. 71.16% of the stock is currently owned by institutional investors.

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.

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