CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.6% - Here's What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price traded down 0.6% on Monday . The stock traded as low as $295.08 and last traded at $301.40. 770,961 shares were traded during trading, a decline of 85% from the average session volume of 5,086,936 shares. The stock had previously closed at $303.13.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research analyst reports. Truist Financial restated a "buy" rating and issued a $325.00 target price on shares of CrowdStrike in a research note on Wednesday, August 28th. Wells Fargo & Company decreased their price target on shares of CrowdStrike from $435.00 to $350.00 and set an "overweight" rating for the company in a research note on Monday, July 22nd. Hsbc Global Res raised shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 30th. Redburn Atlantic downgraded shares of CrowdStrike from a "neutral" rating to a "sell" rating and decreased their target price for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. Finally, Sanford C. Bernstein dropped their price target on CrowdStrike from $334.00 to $327.00 and set an "outperform" rating on the stock in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $328.74.

CrowdStrike Trading Down 1.4 %

The company's 50 day simple moving average is $285.51 and its 200-day simple moving average is $307.96. The firm has a market cap of $73.26 billion, a P/E ratio of 433.16, a P/E/G ratio of 20.07 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

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

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on 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 completion of the sale, the insider now owns 179,091 shares of the company's stock, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now directly owns 821,766 shares in the company, valued at approximately $263,277,391.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares of the company's stock, valued at $46,563,660. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock worth $30,529,413 in the last three months. Corporate insiders own 4.34% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CRWD. Arlington Financial Advisors LLC raised its holdings in CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company's stock worth $778,000 after purchasing an additional 30 shares in the last quarter. Saturna Capital Corp lifted its position in CrowdStrike by 2.7% during the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company's stock worth $408,000 after acquiring an additional 33 shares during the period. Sunpointe LLC increased its holdings in shares of CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company's stock valued at $317,000 after purchasing an additional 34 shares during the period. Means Investment CO. Inc. raised its stake in shares of CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company's stock worth $741,000 after purchasing an additional 35 shares during the last quarter. Finally, Interchange Capital Partners LLC lifted its holdings in shares of CrowdStrike by 1.1% during the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company's stock worth $1,036,000 after purchasing an additional 39 shares during the period. 71.16% of the stock is currently 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.