CrowdStrike (NASDAQ:CRWD) Shares Down 1.4% – Time to Sell?

Shares of CrowdStrike (NASDAQ:CRWD) dropped 1.4% on Thursday . The company traded as low as $478.82 and last traded at $485.16. Approximately 2,825,785 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 5,006,881 shares. The stock had previously closed at $492.03.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRWD. UBS Group reiterated a “buy” rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Roth Capital upped their price target on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a research note on Monday, May 5th. Stifel Nicolaus boosted their price objective on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Finally, BTIG Research reaffirmed a “buy” rating on shares of CrowdStrike in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $453.17.

CrowdStrike Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $118.72 billion, a P/E ratio of -690.29 and a beta of 1.16. The company’s 50-day moving average is $440.62 and its two-hundred day moving average is $396.60.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly 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. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. Sell-side analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now owns 768,092 shares of the company’s stock, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00. Following the completion of the transaction, the director now owns 62,891 shares of the company’s stock, valued at $22,613,716.87. The trade was a 13.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,748 shares of company stock valued at $89,478,971. 3.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of CRWD. Real Talk Capital LLC increased its stake in shares of CrowdStrike by 0.9% in the first quarter. Real Talk Capital LLC now owns 2,732 shares of the company’s stock valued at $963,000 after buying an additional 24 shares during the period. Peterson Wealth Management increased its position in CrowdStrike by 326.7% in the 1st quarter. Peterson Wealth Management now owns 2,714 shares of the company’s stock valued at $957,000 after acquiring an additional 2,078 shares during the period. Compass Financial Services Inc increased its position in CrowdStrike by 36.2% in the 1st quarter. Compass Financial Services Inc now owns 192 shares of the company’s stock valued at $68,000 after acquiring an additional 51 shares during the period. 1248 Management LLC bought a new position in shares of CrowdStrike during the first quarter valued at $246,000. Finally, Nova Wealth Management Inc. lifted its holdings in shares of CrowdStrike by 12.5% during the first quarter. Nova Wealth Management Inc. now owns 405 shares of the company’s stock worth $143,000 after purchasing an additional 45 shares during the period. 71.16% of the stock is currently owned by institutional investors.

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.