CrowdStrike (NASDAQ:CRWD) Trading Down 4.8% - What's Next?

CrowdStrike (NASDAQ:CRWD - Get Free Report)'s share price fell 4.8% on Tuesday . The stock traded as low as $493.45 and last traded at $484.99. 1,091,805 shares were traded during mid-day trading, a decline of 77% from the average session volume of 4,760,421 shares. The stock had previously closed at $509.31.

Analyst Ratings Changes

A number of brokerages have issued reports on CRWD. Sanford C. Bernstein cut CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective for the company. in a research note on Friday, June 6th. Mizuho raised their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. DA Davidson upped their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Canaccord Genuity Group reissued a "hold" rating and set a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $453.88.

CrowdStrike Stock Down 3.4%

The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $457.49 and a two-hundred day simple moving average of $403.42. The firm has a market capitalization of $122.65 billion, a P/E ratio of -713.14 and a beta of 1.16.

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

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the transaction, the chief financial officer owned 249,653 shares in the company, valued at $109,068,402.64. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Roxanne S. Austin sold 15,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 245,821 shares of company stock worth $112,370,959. Insiders own 3.32% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its position in CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after purchasing an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at about $2,166,000. OLD National Bancorp IN bought a new position in shares of CrowdStrike in the 1st quarter valued at about $248,000. Bessemer Group Inc. lifted its holdings in shares of CrowdStrike by 4.6% in the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after acquiring an additional 98 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. purchased a new position in CrowdStrike in the fourth quarter worth about $284,000. 71.16% of the stock is owned by hedge funds and other 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.