CrowdStrike (NASDAQ:CRWD) Shares Down 3.7%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) dropped 3.7% on Wednesday . The stock traded as low as $368.85 and last traded at $371.47. Approximately 1,883,588 shares changed hands during trading, a decline of 54% from the average daily volume of 4,101,832 shares. The stock had previously closed at $385.88.

Wall Street Analyst Weigh In

CRWD has been the topic of several research analyst reports. Oppenheimer raised their target price on CrowdStrike from $355.00 to $400.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 5th. KeyCorp lifted their target price on CrowdStrike from $380.00 to $440.00 and gave the company an "overweight" rating in a research note on Tuesday, July 2nd. Morgan Stanley lifted their price target on CrowdStrike from $372.00 to $422.00 and gave the company an "overweight" rating in a research note on Tuesday, May 28th. Canaccord Genuity Group lifted their price target on CrowdStrike from $400.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, June 5th. Finally, Wedbush reduced their price objective on CrowdStrike from $390.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, June 5th. Two analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $382.35.

CrowdStrike Stock Down 3.0 %

The company has a market capitalization of $91.13 billion, a PE ratio of 706.51, a PEG ratio of 19.69 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The stock's 50 day moving average is $355.78 and its 200 day moving average is $321.22.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. On average, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares of the company's stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Sameer K. Gandhi sold 15,000 shares of the firm's stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the transaction, the director now owns 824,234 shares of the company's stock, valued at approximately $313,382,009.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,662 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 $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders sold 219,675 shares of company stock worth $76,681,402 over the last three months. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of CRWD. CVA Family Office LLC purchased a new position in shares of CrowdStrike during the 4th quarter valued at approximately $26,000. Hexagon Capital Partners LLC purchased a new stake in CrowdStrike during the fourth quarter worth about $26,000. Silver Oak Securities Incorporated acquired a new position in shares of CrowdStrike during the third quarter worth about $27,000. Bear Mountain Capital Inc. acquired a new position in CrowdStrike in the fourth quarter valued at approximately $27,000. Finally, Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike in the first quarter valued at approximately $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.