CrowdStrike (NASDAQ:CRWD) Trading Down 1.6% on Analyst Downgrade

Shares of CrowdStrike (NASDAQ:CRWD) traded down 1.6% on Tuesday after Evercore ISI lowered their price target on the stock from $440.00 to $425.00. Evercore ISI currently has an in-line rating on the stock. CrowdStrike traded as low as $422.50 and last traded at $419.73. 894,688 shares were traded during mid-day trading, a decline of 76% from the average session volume of 3,691,322 shares. The stock had previously closed at $426.34.

Several other research analysts have also weighed in on CRWD. Susquehanna lifted their price objective on CrowdStrike from $425.00 to $530.00 and gave the stock a “positive” rating in a research report on Wednesday, June 4th. Wedbush boosted their target price on CrowdStrike from $475.00 to $525.00 and gave the company an “outperform” rating in a research report on Tuesday, June 3rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $495.00 target price (up from $490.00) on shares of CrowdStrike in a research report on Monday, July 14th. Raymond James Financial reaffirmed an “outperform” rating and issued a $485.00 target price (up from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Jefferies Financial Group boosted their target price on CrowdStrike from $520.00 to $530.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Twenty-six investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $460.81.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the transaction, the president owned 422,204 shares in the company, valued at approximately $201,391,308. The trade was a 5.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roxanne S. Austin sold 15,000 shares of CrowdStrike stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the transaction, the director owned 18,858 shares of the company’s stock, valued at $9,385,060.86. This trade represents a 44.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new position in shares of CrowdStrike in the 2nd quarter worth approximately $14,844,000. Newbridge Financial Services Group Inc. boosted its stake in shares of CrowdStrike by 5.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 27,298 shares of the company’s stock worth $13,903,000 after buying an additional 1,408 shares during the last quarter. MRP Capital Investments LLC boosted its stake in shares of CrowdStrike by 67.4% in the 2nd quarter. MRP Capital Investments LLC now owns 323 shares of the company’s stock worth $165,000 after buying an additional 130 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of CrowdStrike by 3.6% in the 2nd quarter. Advisory Services Network LLC now owns 41,883 shares of the company’s stock worth $21,331,000 after buying an additional 1,465 shares during the last quarter. Finally, Cim LLC purchased a new position in shares of CrowdStrike in the 2nd quarter worth approximately $1,802,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

The business has a 50 day moving average price of $471.05 and a two-hundred day moving average price of $427.34. The stock has a market cap of $104.34 billion, a PE ratio of -606.67 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company’s revenue was up 19.8% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. Research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.