CrowdStrike (NASDAQ:CRWD) Trading Down 1% – Should You Sell?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 1% during mid-day trading on Wednesday . The company traded as low as $301.24 and last traded at $305.36. Approximately 641,779 shares were traded during trading, a decline of 88% from the average daily volume of 5,155,421 shares. The stock had previously closed at $308.51.

Analysts Set New Price Targets

CRWD has been the subject of several recent analyst reports. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and boosted their price objective for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, TD Cowen dropped their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Price Performance

The company has a market capitalization of $73.11 billion, a price-to-earnings ratio of 576.15, a PEG ratio of 19.94 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $278.86 and a 200 day moving average price of $308.15.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. As a group, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,212 shares of company stock worth $30,529,413 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds have recently added to or reduced their stakes in the company. Burney Co. bought a new stake in shares of CrowdStrike during the 1st quarter worth $1,342,000. Doliver Advisors LP raised its position in shares of CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after acquiring an additional 4,664 shares in the last quarter. HWG Holdings LP acquired a new stake in CrowdStrike in the second quarter worth $2,955,000. Principal Financial Group Inc. increased its stake in CrowdStrike by 429.2% in the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after purchasing an additional 242,052 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of CrowdStrike by 24.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock valued at $3,855,000 after purchasing an additional 1,966 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

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.