CrowdStrike (NASDAQ:CRWD) Stock Price Down 3% – Here’s Why

CrowdStrike (NASDAQ:CRWD)’s share price traded down 3% on Tuesday . The stock traded as low as $513.00 and last traded at $513.67. 2,562,486 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 3,465,267 shares. The stock had previously closed at $529.78.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wedbush raised their target price on CrowdStrike from $525.00 to $600.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Citigroup reissued an “outperform” rating on shares of CrowdStrike in a research note on Tuesday, September 23rd. BTIG Research raised their price objective on CrowdStrike from $489.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Barclays upped their target price on CrowdStrike from $515.00 to $610.00 and gave the company an “overweight” rating in a report on Friday. Finally, Oppenheimer raised their price target on shares of CrowdStrike from $520.00 to $560.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $535.60.

CrowdStrike Stock Down 3.0%

The company has a market cap of $128.91 billion, a P/E ratio of -431.65, a price-to-earnings-growth ratio of 126.32 and a beta of 1.16. The firm’s 50 day moving average price is $501.78 and its two-hundred day moving average price is $472.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.17 billion during 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 business’s revenue was up 21.4% compared to the same quarter last year. During the same period in the previous 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. Equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 10,706 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the completion of the sale, the chief financial officer owned 220,424 shares of the company’s stock, valued at approximately $109,257,564.08. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the transaction, the director directly owned 768,511 shares in the company, valued at $315,335,433.52. The trade was a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 116,622 shares of company stock worth $58,561,456 in the last three months. Insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Integrated Investment Consultants LLC increased its position in shares of CrowdStrike by 372.7% during the third quarter. Integrated Investment Consultants LLC now owns 1,867 shares of the company’s stock worth $916,000 after acquiring an additional 1,472 shares in the last quarter. Jasper Ridge Partners L.P. boosted its stake in CrowdStrike by 10.6% during the 3rd quarter. Jasper Ridge Partners L.P. now owns 3,871 shares of the company’s stock valued at $1,898,000 after purchasing an additional 370 shares during the last quarter. Abel Hall LLC bought a new stake in CrowdStrike during the 3rd quarter worth approximately $207,000. Keystone Financial Group increased its holdings in CrowdStrike by 32.3% during the 3rd quarter. Keystone Financial Group now owns 4,783 shares of the company’s stock worth $2,347,000 after purchasing an additional 1,167 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new stake in shares of CrowdStrike in the third quarter worth approximately $45,000. 71.16% of the stock is 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.