CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Free Report) shares traded down 9.1% on Tuesday after Evercore ISI lowered their price target on the stock from $350.00 to $325.00. Evercore ISI currently has an outperform rating on the stock. CrowdStrike traded as low as $234.18 and last traded at $235.21. 9,816,811 shares traded hands during trading, an increase of 92% from the average session volume of 5,123,691 shares. The stock had previously closed at $258.81.
CRWD has been the topic of a number of other reports. DA Davidson lowered their target price on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Scotiabank downgraded shares of CrowdStrike from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $393.00 to $300.00 in a report on Monday, July 22nd. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a report on Friday, June 21st. HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and decreased their price objective for the company from $388.00 to $302.00 in a report on Tuesday, July 23rd. Finally, BTIG Research downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $354.39.
Insider Activity at CrowdStrike
In related news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were 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 approximately $15,470,706.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the sale, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $632,607.06. Following the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock worth $76,931,522 in the last quarter. 4.34% of the stock is owned by insiders.
Institutional Investors Weigh In On CrowdStrike
Several large investors have recently modified their holdings of CRWD. Ritholtz Wealth Management acquired a new stake in shares of CrowdStrike during the fourth quarter worth $265,000. Blue Trust Inc. increased its position in shares of CrowdStrike by 49.3% during the fourth quarter. Blue Trust Inc. now owns 727 shares of the company’s stock worth $186,000 after buying an additional 240 shares during the period. Global Retirement Partners LLC increased its position in shares of CrowdStrike by 34.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,466 shares of the company’s stock worth $630,000 after buying an additional 626 shares during the period. Quent Capital LLC boosted its stake in CrowdStrike by 48.5% during the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after acquiring an additional 48 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in CrowdStrike during the fourth quarter worth $263,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.
CrowdStrike Stock Performance
The firm has a market capitalization of $56.89 billion, a P/E ratio of 443.80, a price-to-earnings-growth ratio of 13.09 and a beta of 1.10. The company’s 50 day moving average is $352.36 and its 200-day moving average is $326.49. 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 issued its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million for 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%. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 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.