CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Free Report) shares fell 0.7% during mid-day trading on Tuesday after Sanford C. Bernstein lowered their price target on the stock from $381.00 to $315.00. Sanford C. Bernstein currently has an outperform rating on the stock. CrowdStrike traded as low as $264.39 and last traded at $265.00. 1,623,006 shares changed hands during trading, a decline of 70% from the average session volume of 5,402,419 shares. The stock had previously closed at $266.78.
Several other equities analysts also recently commented on CRWD. DA Davidson dropped their price objective on CrowdStrike from $380.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Robert W. Baird reduced their price objective on shares of CrowdStrike from $350.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, July 23rd. The Goldman Sachs Group lowered their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Oppenheimer boosted their price target on shares of CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, June 5th. Finally, Citigroup decreased their price target on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $337.58.
Insider Buying and Selling at CrowdStrike
In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On CrowdStrike
Several large investors have recently made changes to their positions in the business. Calamos Advisors LLC boosted its holdings in CrowdStrike by 5.9% in the fourth quarter. Calamos Advisors LLC now owns 2,530 shares of the company’s stock worth $646,000 after acquiring an additional 140 shares in the last quarter. Greenleaf Trust bought a new stake in CrowdStrike during the 4th quarter valued at about $223,000. J.W. Cole Advisors Inc. increased its stake in CrowdStrike by 17.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 5,021 shares of the company’s stock valued at $1,282,000 after purchasing an additional 761 shares in the last quarter. abrdn plc lifted its stake in shares of CrowdStrike by 104.4% in the fourth quarter. abrdn plc now owns 74,410 shares of the company’s stock worth $18,998,000 after buying an additional 38,007 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of CrowdStrike by 11.2% in the fourth quarter. Lindbrook Capital LLC now owns 777 shares of the company’s stock worth $198,000 after buying an additional 78 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.
CrowdStrike Trading Down 0.1 %
The stock has a market cap of $64.86 billion, a PE ratio of 502.89, a PEG ratio of 11.79 and a beta of 1.10. The stock’s fifty day moving average price is $320.41 and its 200 day moving average price is $320.81. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.
CrowdStrike (NASDAQ:CRWD – Get Free Report) last posted its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. On average, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.87 EPS 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.