CrowdStrike (NASDAQ:CRWD) Shares Down 1.6% - Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) was down 1.6% during trading on Wednesday . The company traded as low as $344.47 and last traded at $347.48. Approximately 715,335 shares were traded during trading, a decline of 86% from the average daily volume of 4,984,991 shares. The stock had previously closed at $353.29.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent research reports. Jefferies Financial Group upped their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. HSBC upgraded shares of CrowdStrike from a "hold" rating to a "buy" rating and upped their target price for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Evercore ISI dropped their price target on CrowdStrike from $350.00 to $325.00 and set an "outperform" rating for the company in a research report on Tuesday, July 30th. Citigroup lowered their price objective on CrowdStrike from $345.00 to $300.00 and set a "buy" rating for the company in a research note on Wednesday, August 14th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $350.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $333.82.

CrowdStrike Stock Performance

The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $85.01 billion, a PE ratio of 502.17, a PEG ratio of 22.77 and a beta of 1.10. The business has a 50 day simple moving average of $301.83 and a 200 day simple moving average of $310.94.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate 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%. CrowdStrike's revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the company's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares of the company's stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the stock. Advisory Resource Group increased its holdings in shares of CrowdStrike by 37.9% during the 3rd quarter. Advisory Resource Group now owns 4,025 shares of the company's stock valued at $1,129,000 after purchasing an additional 1,106 shares in the last quarter. Second Line Capital LLC grew its position in CrowdStrike by 28.4% during the third quarter. Second Line Capital LLC now owns 972 shares of the company's stock valued at $273,000 after buying an additional 215 shares during the period. Rehmann Capital Advisory Group increased its holdings in CrowdStrike by 72.0% in the third quarter. Rehmann Capital Advisory Group now owns 2,162 shares of the company's stock valued at $607,000 after buying an additional 905 shares in the last quarter. Fortem Financial Group LLC boosted its stake in shares of CrowdStrike by 62.7% during the 3rd quarter. Fortem Financial Group LLC now owns 1,627 shares of the company's stock worth $456,000 after acquiring an additional 627 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of CrowdStrike by 42.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,814 shares of the company's stock worth $509,000 after acquiring an additional 540 shares in the last quarter. Hedge funds and other 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.

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