Shares of CrowdStrike Holdings, Inc. (NASDAQ: CRWD) decreased by 1.6% on Tuesday, following a downgrade from Evercore ISI, which reduced its price target for the stock from $440.00 to $425.00. The stock reached a low of $422.50 during the trading day and closed at $419.73. Trading volume was significantly lower than average, with 894,688 shares exchanged, marking a decline of 76% from the typical session volume of 3,691,322 shares.
Analysts have shown mixed sentiment regarding CrowdStrike. On June 4, Susquehanna raised its price target from $425.00 to $530.00 and assigned a “positive” rating to the stock. The following day, Wedbush increased its target from $475.00 to $525.00, giving the company an “outperform” rating. In contrast, Morgan Stanley maintained an “equal weight” rating with a price target of $495.00, slightly up from $490.00 on July 14.
Other notable upgrades include Raymond James Financial, which reaffirmed an “outperform” rating and set a new target of $485.00, an increase from $390.00. Meanwhile, Jefferies Financial Group raised its target price from $520.00 to $530.00, giving the stock a “buy” rating on July 24. Currently, twenty-six investment analysts rate CrowdStrike as a Buy, while nineteen have issued a Hold rating and one has given a Sell rating. According to MarketBeat.com, the average rating is “Moderate Buy” with a price target of $460.81.
Insider Activity and Institutional Holdings
In recent insider trading activity, Michael Sentonas, President of CrowdStrike, sold 25,000 shares on June 11 at an average price of $477.00, amounting to a total of $11,925,000.00. Following this sale, his remaining shares are valued at approximately $201,391,308. This transaction represented a 5.59% reduction in his holdings.
On June 25, Director Roxanne S. Austin sold 15,000 shares for an average price of $497.67, totaling $7,465,050.00. Post-transaction, Austin holds 18,858 shares worth approximately $9,385,060.86, reflecting a 44.30% decrease in her stake. In total, company insiders have sold 214,414 shares valued at $101,484,738 over the last three months, with insiders currently owning 3.32% of the stock.
Several institutional investors have also adjusted their holdings in CrowdStrike recently. For instance, B. Riley Wealth Advisors Inc. acquired a new position valued at approximately $14,844,000. Newbridge Financial Services Group Inc. increased its stake by 5.4%, now holding 27,298 shares worth $13,903,000. Similarly, MRP Capital Investments LLC boosted its holdings by 67.4% and now owns 323 shares valued at $165,000.
Financial Performance and Future Outlook
CrowdStrike’s stock exhibits a 50-day moving average price of $471.05 and a 200-day moving average of $427.34. The company currently has a market capitalization of $104.34 billion and a price-to-earnings (P/E) ratio of -606.67, with a beta of 1.13. CrowdStrike’s financial health is further illustrated by a debt-to-equity ratio of 0.21, and both its quick and current ratios stand at 1.85.
The company last reported earnings on June 3, revealing earnings per share (EPS) of $0.73 for the quarter, surpassing analysts’ consensus estimate of $0.66 by $0.07. CrowdStrike’s quarterly revenue reached $1.10 billion, slightly below the expected $1.11 billion, but reflecting a 19.8% increase compared to the same quarter in the previous year. Looking ahead, CrowdStrike has set its fiscal year 2026 guidance at EPS between 3.440 and 3.560, with the second quarter guidance at 0.820 to 0.840 EPS. Analysts forecast that CrowdStrike will report $0.55 EPS for the current fiscal year.
CrowdStrike operates as a key player in the cybersecurity industry, offering a comprehensive suite of solutions worldwide. Its platform encompasses cloud-delivered protection for endpoints, cloud workloads, identity, and data. The firm provides various services, including managed security, vulnerability management, and AI-powered workflow automation, among others.
