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

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

Wall Street Analyst Weigh In

CRWD has been the subject of several recent analyst reports. Zacks Research downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. UBS Group dropped their target price on shares of CrowdStrike from $545.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, August 28th. Arete raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 target price for the company in a report on Tuesday, October 28th. Daiwa Capital Markets increased their price target on CrowdStrike from $475.00 to $530.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Finally, New Street Research set a $460.00 price objective on CrowdStrike in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $535.60.

CrowdStrike Stock Down 3.0%

The stock has a 50 day moving average of $501.78 and a 200-day moving average of $472.73. The firm has a market capitalization of $128.91 billion, a P/E ratio of -431.65, a PEG ratio of 126.32 and a beta of 1.16. 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 issued its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the business earned $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. Research analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,000 shares of the stock in a transaction 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 represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Burt W. Podbere sold 1,957 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $550.41, for a total value of $1,077,152.37. Following the completion of the transaction, the chief financial officer directly owned 218,467 shares of the company’s stock, valued at $120,246,421.47. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 116,622 shares of company stock worth $58,561,456. Company insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the stock. Asset Planning Inc bought a new stake in CrowdStrike during the 3rd quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd bought a new position in CrowdStrike in the 3rd quarter valued at $25,000. Anchor Investment Management LLC purchased a new position in shares of CrowdStrike during the 3rd quarter valued at $25,000. Vision Financial Markets LLC bought a new position in shares of CrowdStrike in the first quarter worth $26,000. Finally, AlphaQuest LLC bought a new position in shares of CrowdStrike in the second quarter worth $26,000. 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.