CrowdStrike (NASDAQ:CRWD) Trading Down 0% – What’s Next?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 0% during trading on Tuesday . The company traded as low as $359.25 and last traded at $363.64. Approximately 1,438,332 shares changed hands during trading, a decline of 71% from the average daily volume of 4,968,080 shares. The stock had previously closed at $363.68.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Scotiabank dropped their price target on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Argus reduced their target price on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Wells Fargo & Company upped their price target on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday. Truist Financial raised their price objective on CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, JMP Securities restated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company’s 50 day simple moving average is $313.47 and its 200 day simple moving average is $312.77. The company has a market capitalization of $85.20 billion, a PE ratio of 503.75, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the business earned $0.06 EPS. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,248 shares of company stock worth $32,465,110. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CRWD. Tri Ri Asset Management Corp acquired a new stake in shares of CrowdStrike during the third quarter worth about $5,456,000. Peapack Gladstone Financial Corp acquired a new position in CrowdStrike in the 3rd quarter valued at about $497,000. Tidal Investments LLC raised its stake in CrowdStrike by 7.5% during the 3rd quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock valued at $6,959,000 after acquiring an additional 1,740 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in CrowdStrike during the 3rd quarter worth approximately $1,319,000. Finally, World Investment Advisors LLC grew its stake in shares of CrowdStrike by 24.7% in the 3rd quarter. World Investment Advisors LLC now owns 2,514 shares of the company’s stock valued at $705,000 after purchasing an additional 498 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.