CrowdStrike (NASDAQ:CRWD) Trading Down 5.4%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell 5.4% during trading on Friday . The company traded as low as $211.21 and last traded at $212.15. 3,642,500 shares changed hands during trading, a decline of 31% from the average session volume of 5,300,542 shares. The stock had previously closed at $224.22.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CRWD shares. Jefferies Financial Group reduced their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday. Morgan Stanley lowered their target price on shares of CrowdStrike from $396.00 to $360.00 and set an “overweight” rating on the stock in a report on Monday. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Wedbush reiterated an “outperform” rating and issued a $315.00 target price on shares of CrowdStrike in a research note on Friday. Finally, Redburn Atlantic lowered CrowdStrike from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $351.76.

CrowdStrike Trading Down 3.5 %

The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average is $345.42 and its 200 day moving average is $324.78. The firm has a market capitalization of $52.67 billion, a price-to-earnings ratio of 407.42, a P/E/G ratio of 12.16 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate 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, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Michael Sentonas sold 10,735 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the sale, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,735 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the transaction, the president now directly owns 411,166 shares in the company, valued at approximately $156,502,114.58. The disclosure for this sale can be found here. Insiders have sold a total of 147,643 shares of company stock valued at $54,992,604 over the last ninety days. 4.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in CrowdStrike during the fourth quarter worth $683,336,000. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike in the 4th quarter worth about $450,418,000. Jennison Associates LLC lifted its position in CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after acquiring an additional 1,581,796 shares in the last quarter. Vanguard Group Inc. boosted its stake in CrowdStrike by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after purchasing an additional 1,028,405 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of CrowdStrike by 22,542.6% in the fourth quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock worth $187,481,000 after purchasing an additional 731,057 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

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.