CrowdStrike (NASDAQ:CRWD) Trading Down 3.3% – Here’s What Happened

Shares of CrowdStrike (NASDAQ:CRWD) were down 3.3% during mid-day trading on Tuesday . The company traded as low as $531.10 and last traded at $533.92. Approximately 2,403,969 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 3,526,835 shares. The stock had previously closed at $551.92.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CRWD shares. Sanford C. Bernstein lowered their target price on CrowdStrike from $371.00 to $343.00 and set a “market perform” rating for the company in a research note on Thursday, August 28th. Scotiabank upgraded CrowdStrike from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $440.00 to $600.00 in a research note on Thursday, September 25th. Roth Capital reiterated a “buy” rating and issued a $510.00 target price (up previously from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. Truist Financial increased their price target on CrowdStrike from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Finally, Stifel Nicolaus increased their price target on CrowdStrike from $495.00 to $515.00 and gave the company a “buy” rating in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $510.80.

CrowdStrike Price Performance

The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $478.12 and a two-hundred day moving average price of $463.22. The firm has a market capitalization of $133.99 billion, a price-to-earnings ratio of -448.67, a PEG ratio of 127.60 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 EPS. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. As a group, research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, Director Johanna Flower sold 2,347 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the sale, the director directly owned 79,057 shares in the company, valued at approximately $38,815,405.86. This represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $515.00, for a total value of $5,150,000.00. Following the completion of the sale, the president owned 354,116 shares in the company, valued at approximately $182,369,740. This represents a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 102,690 shares of company stock worth $50,897,821. Corporate insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently modified their holdings of the company. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike during the 1st quarter valued at $25,000. Asset Planning Inc acquired a new position in shares of CrowdStrike during the 3rd quarter valued at $25,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of CrowdStrike during the 3rd quarter valued at $25,000. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike during the 1st quarter valued at $26,000. Finally, AlphaQuest LLC acquired a new stake in shares of CrowdStrike in the second quarter worth $26,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.