CrowdStrike (NASDAQ:CRWD) Stock Price Down 2.5% Following Analyst Downgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 2.5% during trading on Friday after KeyCorp lowered their price target on the stock from $430.00 to $376.00. KeyCorp currently has an overweight rating on the stock. CrowdStrike traded as low as $283.77 and last traded at $286.66. Approximately 995,159 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 3,587,264 shares. The stock had previously closed at $294.10.

Other analysts have also issued reports about the stock. Guggenheim upped their price target on shares of CrowdStrike from $358.00 to $424.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group upped their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Morgan Stanley upped their price target on shares of CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. Evercore ISI upped their price target on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Barclays upped their price target on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $371.87.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock worth $72,113,932 over the last ninety days. Corporate insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the 1st quarter valued at approximately $30,000. CVA Family Office LLC bought a new position in CrowdStrike in the 4th quarter valued at approximately $26,000. Hexagon Capital Partners LLC bought a new position in CrowdStrike in the 4th quarter valued at approximately $26,000. Future Financial Wealth Managment LLC bought a new position in CrowdStrike in the 1st quarter valued at approximately $32,000. Finally, MCF Advisors LLC bought a new position in CrowdStrike in the 1st quarter valued at approximately $32,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 3.9 %

The business’s fifty day moving average is $317.72 and its 200-day moving average is $263.70. The firm has a market cap of $68.36 billion, a P/E ratio of 785.13, a price-to-earnings-growth ratio of 11.75 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. Analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

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.