CrowdStrike (NASDAQ:CRWD) Trading Down 2.4% After Earnings Miss

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price fell 2.4% during trading on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $370.58 and last traded at $373.51. 1,831,101 shares traded hands during trading, a decline of 45% from the average session volume of 3,334,698 shares. The stock had previously closed at $382.73.

The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.90). CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus upped their target price on shares of CrowdStrike from $400.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. KeyCorp boosted their target price on CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Needham & Company LLC upped their price target on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Cantor Fitzgerald lifted their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Mizuho upped their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $391.75.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 100,315 shares of company stock worth $38,387,254. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWD. Siemens Fonds Invest GmbH raised its holdings in shares of CrowdStrike by 37.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock worth $2,384,000 after purchasing an additional 1,893 shares during the period. Park Square Financial Group LLC purchased a new position in CrowdStrike in the fourth quarter valued at approximately $151,000. Total Wealth Planning & Management Inc. acquired a new position in CrowdStrike during the fourth quarter valued at approximately $315,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in CrowdStrike during the fourth quarter worth approximately $59,596,000. Finally, Brooklyn FI LLC purchased a new stake in CrowdStrike during the fourth quarter worth approximately $3,927,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Up 1.9 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $96.10 billion, a price-to-earnings ratio of 765.03, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The firm’s 50-day moving average price is $387.36 and its 200-day moving average price is $336.92.

CrowdStrike Company Profile

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.