CrowdStrike (NASDAQ:CRWD) Trading Down 2.7% Following Analyst Downgrade

Shares of CrowdStrike (NASDAQ:CRWD) traded down 2.7% during trading on Friday after Canaccord Genuity Group lowered their price target on the stock from $475.00 to $430.00. Canaccord Genuity Group currently has a hold rating on the stock. CrowdStrike traded as low as $428.44 and last traded at $429.89. 1,630,578 shares were traded during mid-day trading, a decline of 56% from the average session volume of 3,714,078 shares. The stock had previously closed at $442.00.

Other research analysts also recently issued research reports about the stock. Evercore ISI dropped their price target on shares of CrowdStrike from $425.00 to $405.00 and set an “in-line” rating on the stock in a research report on Thursday. Piper Sandler dropped their price target on shares of CrowdStrike from $505.00 to $450.00 and set a “neutral” rating on the stock in a research report on Thursday. Macquarie initiated coverage on shares of CrowdStrike in a research report on Thursday, July 17th. They issued a “neutral” rating and a $465.00 price target on the stock. Wedbush restated a “buy” rating on shares of CrowdStrike in a research report on Thursday. Finally, Stifel Nicolaus boosted their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Twenty-four equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $460.10.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $447.09, for a total value of $2,794,312.50. Following the transaction, the director directly owned 774,761 shares of the company’s stock, valued at approximately $346,387,895.49. The trade was a 0.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Johanna Flower sold 2,073 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the completion of the transaction, the director directly owned 81,383 shares in the company, valued at $38,592,632.43. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 204,414 shares of company stock worth $96,794,738 in the last ninety days. 3.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the business. Total Investment Management Inc. purchased a new stake in shares of CrowdStrike in the second quarter worth about $39,000. Centaurus Financial Inc. lifted its holdings in shares of CrowdStrike by 6.8% in the second quarter. Centaurus Financial Inc. now owns 5,319 shares of the company’s stock worth $2,709,000 after buying an additional 339 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in shares of CrowdStrike by 41.2% in the second quarter. China Universal Asset Management Co. Ltd. now owns 8,155 shares of the company’s stock worth $4,153,000 after buying an additional 2,379 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of CrowdStrike by 7.0% in the second quarter. Thrivent Financial for Lutherans now owns 59,532 shares of the company’s stock worth $30,234,000 after buying an additional 3,878 shares in the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of CrowdStrike in the second quarter worth about $479,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

The stock has a market capitalization of $105.61 billion, a PE ratio of -356.05 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.85. The business’s fifty day moving average price is $461.47 and its 200-day moving average price is $427.52.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 earnings per share. 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, equities research analysts expect that CrowdStrike will post 0.55 EPS for the current 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.