CrowdStrike (NASDAQ:CRWD) Trading Down 2.4% - Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price traded down 2.4% on Friday . The stock traded as low as $334.79 and last traded at $336.14. 891,691 shares changed hands during trading, a decline of 82% from the average session volume of 5,012,243 shares. The stock had previously closed at $344.36.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup reduced their target price on shares of CrowdStrike from $345.00 to $300.00 and set a "buy" rating on the stock in a research note on Wednesday, August 14th. DA Davidson restated a "buy" rating and set a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. Wedbush set a $330.00 price target on CrowdStrike in a report on Thursday, October 17th. Robert W. Baird decreased their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an "outperform" rating on the stock in a report on Thursday, August 29th. Finally, Raymond James dropped their target price on shares of CrowdStrike from $380.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $328.74.

CrowdStrike Trading Down 3.1 %

The stock has a market cap of $81.81 billion, a P/E ratio of 487.16, a price-to-earnings-growth ratio of 23.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm's fifty day simple moving average is $295.99 and its 200-day simple moving average is $309.90.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business's revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 earnings per share. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company's stock, valued at $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,248 shares of company stock worth $31,103,350. Corporate insiders own 4.34% of the company's stock.

Institutional Trading of CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC grew its position in CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company's stock worth $75,000 after buying an additional 88 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of CrowdStrike by 2.6% in the first quarter. Kingsview Wealth Management LLC now owns 6,731 shares of the company's stock worth $2,158,000 after purchasing an additional 169 shares during the last quarter. Nwam LLC lifted its position in CrowdStrike by 5.5% during the first quarter. Nwam LLC now owns 2,470 shares of the company's stock valued at $772,000 after purchasing an additional 128 shares during the last quarter. Banco Santander S.A. grew its stake in CrowdStrike by 61.5% in the 1st quarter. Banco Santander S.A. now owns 37,107 shares of the company's stock worth $11,896,000 after buying an additional 14,137 shares in the last quarter. Finally, First Foundation Advisors increased its holdings in shares of CrowdStrike by 22.7% in the 1st quarter. First Foundation Advisors now owns 265 shares of the company's stock worth $85,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Company Profile

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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