CrowdStrike (NASDAQ:CRWD) Stock Price Down 2%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares fell 2% on Wednesday . The stock traded as low as $242.25 and last traded at $242.77. 764,836 shares were traded during trading, a decline of 86% from the average session volume of 5,358,503 shares. The stock had previously closed at $247.74.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CRWD shares. UBS Group decreased their price objective on CrowdStrike from $330.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, August 29th. Scotiabank decreased their price target on CrowdStrike from $300.00 to $265.00 and set a "sector perform" rating for the company in a report on Wednesday, August 14th. Citigroup dropped their price objective 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. Rosenblatt Securities cut their target price on shares of CrowdStrike from $350.00 to $330.00 and set a "buy" rating for the company in a report on Monday, August 26th. Finally, Morgan Stanley reissued an "overweight" rating and set a $325.00 price target on shares of CrowdStrike in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $327.16.

CrowdStrike Trading Up 2.3 %

The company has a market cap of $61.70 billion, a PE ratio of 478.36, a price-to-earnings-growth ratio of 15.68 and a beta of 1.09. The company's 50 day simple moving average is $281.35 and its two-hundred day simple moving average is $314.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the firm earned $0.06 EPS. The firm's revenue for the quarter was up 31.7% on a year-over-year basis. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the sale, the director now owns 18,297 shares in the company, valued at $7,136,012.97. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock worth $48,856,294 in the last three months. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its holdings in shares of CrowdStrike by 24.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company's stock valued at $3,855,000 after buying an additional 1,966 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in CrowdStrike in the 2nd quarter valued at $15,285,000. NCP Inc. purchased a new position in CrowdStrike during the second quarter worth about $115,000. Gordian Capital Singapore Pte Ltd raised its stake in shares of CrowdStrike by 15.8% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 586 shares of the company's stock worth $225,000 after buying an additional 80 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in CrowdStrike in the second quarter valued at $38,000. 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.