CrowdStrike (NASDAQ:CRWD) Trading Down 3.9% – Time to Sell?

by · The Cerbat Gem

CrowdStrike (NASDAQ:CRWDGet Free Report) shares traded down 3.9% during mid-day trading on Tuesday . The stock traded as low as $415.05 and last traded at $421.73. 3,809,865 shares traded hands during trading, an increase of 36% from the average session volume of 2,811,085 shares. The stock had previously closed at $438.85.

CrowdStrike News Roundup

Here are the key news stories impacting CrowdStrike this week:

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Bank of America increased their target price on shares of CrowdStrike from $470.00 to $535.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. The Goldman Sachs Group increased their price objective on shares of CrowdStrike from $535.00 to $564.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Loop Capital set a $550.00 target price on shares of CrowdStrike in a research note on Thursday, December 11th. Royal Bank Of Canada restated an “outperform” rating and set a $621.00 target price on shares of CrowdStrike in a report on Wednesday, December 3rd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $353.00 price target on shares of CrowdStrike in a research report on Wednesday, December 3rd. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $555.21.

Read Our Latest Research Report on CRWD

CrowdStrike Price Performance

The firm has a market cap of $106.32 billion, a price-to-earnings ratio of -334.71, a P/E/G ratio of 108.05 and a beta of 1.03. The stock’s fifty day moving average price is $478.68 and its 200-day moving average price is $477.15. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18.

CrowdStrike (NASDAQ:CRWDGet Free Report) last posted its earnings results on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, Director Johanna Flower sold 3,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the transaction, the director owned 76,082 shares of the company’s stock, valued at approximately $35,145,319.08. This represents a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 11,461 shares of CrowdStrike stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $479.78, for a total value of $5,498,758.58. Following the completion of the transaction, the president directly owned 342,655 shares of the company’s stock, valued at approximately $164,399,015.90. This represents a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 55,116 shares of company stock worth $26,846,222 in the last three months. Company insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CRWD. Asset Planning Inc purchased a new position in CrowdStrike in the 3rd quarter valued at approximately $25,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in CrowdStrike during the 3rd quarter worth about $25,000. Anchor Investment Management LLC purchased a new position in shares of CrowdStrike in the 3rd quarter valued at about $25,000. AlphaQuest LLC purchased a new stake in shares of CrowdStrike during the second quarter worth approximately $26,000. Finally, Logan Capital Management Inc. purchased a new position in CrowdStrike in the third quarter worth approximately $26,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

About CrowdStrike

(Get Free Report)

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

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