CrowdStrike (NASDAQ:CRWD) Trading Down 2.5% After Analyst Downgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) was down 2.5% during trading on Friday after KeyCorp lowered their price target on the stock from $430.00 to $376.00. KeyCorp currently has an overweight rating on the stock. CrowdStrike traded as low as $283.77 and last traded at $286.66. Approximately 995,159 shares were traded during trading, a decline of 72% from the average daily volume of 3,587,264 shares. The stock had previously closed at $294.10.

CRWD has been the subject of several other research reports. DA Davidson upped their target price on shares of CrowdStrike from $285.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Robert W. Baird upped their target price on shares of CrowdStrike from $281.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, March 6th. UBS Group upped their target price on shares of CrowdStrike from $385.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Susquehanna upped their target price on shares of CrowdStrike from $330.00 to $410.00 and gave the company a "positive" rating in a report on Thursday, March 7th. Finally, Morgan Stanley upped their target price on shares of CrowdStrike from $304.00 to $372.00 and gave the company an "overweight" rating in a report on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $371.87.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now directly owns 208,961 shares of the company's stock, valued at $64,525,067.19. The sale was disclosed in a filing with the SEC, which is available at this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now directly owns 208,961 shares of the company's stock, valued at $64,525,067.19. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total transaction of $4,752,300.00. Following the transaction, the director now directly owns 839,234 shares in the company, valued at $265,886,115.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Coppell Advisory Solutions Corp. acquired a new stake in CrowdStrike in the fourth quarter valued at $25,000. CVA Family Office LLC bought a new stake in CrowdStrike during the fourth quarter valued at $26,000. Hexagon Capital Partners LLC bought a new stake in CrowdStrike during the fourth quarter valued at $26,000. Silver Oak Securities Incorporated bought a new stake in CrowdStrike during the third quarter valued at $27,000. Finally, Bear Mountain Capital Inc. bought a new stake in CrowdStrike during the fourth quarter valued at $27,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Down 3.9 %

The firm's 50-day moving average price is $317.72 and its 200 day moving average price is $263.70. The firm has a market cap of $68.36 billion, a P/E ratio of 785.13, a price-to-earnings-growth ratio of 11.75 and a beta of 1.05. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. The business had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

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.