CrowdStrike (NASDAQ:CRWD) Shares Down 0.7% – Time to Sell?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 0.7% during trading on Tuesday . The stock traded as low as $305.28 and last traded at $307.25. 578,346 shares traded hands during trading, a decline of 89% from the average session volume of 5,169,307 shares. The stock had previously closed at $309.55.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CRWD shares. Deutsche Bank Aktiengesellschaft cut their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. JPMorgan Chase & Co. lowered their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Wells Fargo & Company reduced their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Stock Down 3.0 %

The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average price is $279.73 and its two-hundred day moving average price is $308.09. The company has a market capitalization of $72.84 billion, a price-to-earnings ratio of 564.72, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released 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 period last year, the firm posted $0.06 earnings per share. The business’s revenue was up 31.7% on a year-over-year basis. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the company’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 value of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This 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 can be accessed through this link. In other news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,212 shares of company stock valued at $30,529,413. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of CrowdStrike by 89.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 140,474 shares of the company’s stock worth $40,155,000 after acquiring an additional 66,236 shares in the last quarter. Parcion Private Wealth LLC boosted its holdings in shares of CrowdStrike by 99.1% in the 3rd quarter. Parcion Private Wealth LLC now owns 1,746 shares of the company’s stock valued at $490,000 after purchasing an additional 869 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of CrowdStrike by 13.9% in the 3rd quarter. Allworth Financial LP now owns 3,688 shares of the company’s stock valued at $1,035,000 after purchasing an additional 449 shares in the last quarter. Highland Capital Management LLC raised its holdings in shares of CrowdStrike by 8.4% during the 3rd quarter. Highland Capital Management LLC now owns 34,510 shares of the company’s stock worth $9,679,000 after buying an additional 2,669 shares in the last quarter. Finally, Trueblood Wealth Management LLC acquired a new stake in CrowdStrike in the third quarter valued at about $219,000. 71.16% of the stock is owned by 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.