CrowdStrike (NASDAQ:CRWD) Shares Gap Down – Here’s What Happened

CrowdStrike (NASDAQ:CRWD) shares gapped down prior to trading on Wednesday . The stock had previously closed at $516.55, but opened at $497.99. CrowdStrike shares last traded at $503.3320, with a volume of 1,652,202 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on CrowdStrike from $500.00 to $580.00 and gave the company an “overweight” rating in a research note on Monday. Truist Financial upped their target price on shares of CrowdStrike from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Arete upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 price target for the company in a research report on Tuesday, October 28th. Royal Bank Of Canada reissued an “outperform” rating and set a $621.00 price target on shares of CrowdStrike in a research note on Wednesday. Finally, Robert W. Baird raised their price objective on shares of CrowdStrike from $490.00 to $550.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $555.51.

CrowdStrike Stock Performance

The company has a quick ratio of 1.88, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. The stock has a market cap of $128.77 billion, a price-to-earnings ratio of -407.24, a PEG ratio of 123.56 and a beta of 1.09. The stock’s fifty day moving average is $514.40 and its 200-day moving average is $479.02.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The firm’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS. On average, analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity at CrowdStrike

In related news, Director Johanna Flower sold 2,347 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the completion of the sale, the director directly owned 79,057 shares of the company’s stock, valued at approximately $38,815,405.86. This represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Sentonas sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the sale, the president owned 354,116 shares in the company, valued at $182,369,740. This trade represents a 2.75% 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 110,372 shares of company stock valued at $55,996,956 over the last 90 days. Insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC increased its holdings in CrowdStrike by 54,635.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after purchasing an additional 4,285,640 shares in the last quarter. Norges Bank acquired a new position in shares of CrowdStrike during the second quarter worth about $1,638,365,000. Nuveen LLC acquired a new position in shares of CrowdStrike during the first quarter worth about $595,766,000. Vestor Capital LLC grew its holdings in shares of CrowdStrike by 269,840.3% during the second quarter. Vestor Capital LLC now owns 977,184 shares of the company’s stock worth $497,690,000 after buying an additional 976,822 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in CrowdStrike by 52.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock valued at $977,149,000 after buying an additional 955,529 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.