CrowdStrike (NASDAQ:CRWD) Stock Price Down 3.8% – Here’s What Happened

CrowdStrike (NASDAQ:CRWD) traded down 3.8% on Wednesday . The stock traded as low as $469.84 and last traded at $470.02. 2,295,603 shares changed hands during trading, a decline of 32% from the average session volume of 3,382,547 shares. The stock had previously closed at $488.53.

Analysts Set New Price Targets

Several analysts have issued reports on CRWD shares. Oppenheimer boosted their target price on shares of CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $621.00 price target on shares of CrowdStrike in a report on Wednesday, December 3rd. Arete Research set a $706.00 price objective on CrowdStrike in a research note on Tuesday, October 28th. DA Davidson restated a “buy” rating and set a $580.00 price objective on shares of CrowdStrike in a research report on Wednesday, December 3rd. Finally, KeyCorp upped their target price on CrowdStrike from $510.00 to $570.00 and gave the company an “overweight” rating in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $554.65.

CrowdStrike Trading Down 3.8%

The company’s 50 day moving average price is $517.11 and its 200 day moving average price is $482.39. The company has a market cap of $118.49 billion, a price-to-earnings ratio of -373.03, a price-to-earnings-growth ratio of 117.99 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data 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 business 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%. CrowdStrike’s quarterly revenue was up 21.8% compared to the same quarter last year. 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. Research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 6,975 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $549.89, for a total transaction of $3,835,482.75. Following the transaction, the chief executive officer owned 2,108,082 shares in the company, valued at $1,159,213,210.98. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Burt W. Podbere sold 1,957 shares of CrowdStrike stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $550.41, for a total transaction of $1,077,152.37. Following the completion of the transaction, the chief financial officer directly owned 218,467 shares in the company, valued at approximately $120,246,421.47. This represents a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 120,595 shares of company stock worth $61,294,989 in the last 90 days. Insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Asset Planning Inc acquired a new stake in shares of CrowdStrike in the third quarter valued at about $25,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of CrowdStrike during the 3rd quarter worth about $25,000. Anchor Investment Management LLC bought a new stake in CrowdStrike during the 3rd quarter valued at approximately $25,000. AlphaQuest LLC acquired a new stake in CrowdStrike in the 2nd quarter valued at approximately $26,000. Finally, Logan Capital Management Inc. bought a new position in CrowdStrike in the 3rd quarter worth approximately $26,000. 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.