Shares of CrowdStrike (NASDAQ: CRWD) fell by 1.6% on Tuesday, following a downgrade from Evercore ISI, which reduced its price target from $440.00 to $425.00. The investment firm currently holds an in-line rating on the stock. During trading, CrowdStrike’s shares reached a low of $422.50 before closing at $419.73. The day’s trading volume was 894,688 shares, marking a significant decline of 76% from the average volume of 3,691,322 shares.
The downgrade from Evercore ISI was not the only recent development concerning CrowdStrike. Several other research analysts have provided updates on the stock, reflecting a mix of optimism and caution. For instance, on June 4, Susquehanna raised its price objective from $425.00 to $530.00, assigning a “positive” rating. Similarly, Wedbush increased its target price from $475.00 to $525.00, while maintaining an “outperform” rating in its report on June 3. Morgan Stanley reaffirmed an “equal weight” rating with a target price adjustment from $490.00 to $495.00 on July 14.
In terms of analyst sentiment, CrowdStrike has garnered considerable attention. A total of 26 investment analysts have rated the stock as a Buy, while 19 have assigned a Hold rating, and one has issued a Sell rating. According to data from MarketBeat.com, the average rating for CrowdStrike stands at “Moderate Buy,” with an average price target of $460.81.
Insider Trading Activity
Recent insider trading activity has also drawn interest. On June 11, President Michael Sentonas sold 25,000 shares at an average price of $477.00, amounting to a total of $11,925,000.00. Following this sale, Sentonas retains 422,204 shares valued at approximately $201,391,308, which represented a 5.59% decrease in his holdings.
Additionally, Director Roxanne S. Austin sold 15,000 shares on June 25, at an average price of $497.67, yielding a total of $7,465,050.00. Post-transaction, Austin holds 18,858 shares valued at around $9,385,060.86, reflecting a 44.30% reduction in her stake. Over the last three months, insiders have sold a total of 214,414 shares worth approximately $101,484,738, with corporate insiders currently owning 3.32% of the stock.
Institutional Investor Movements
A number of hedge funds and institutional investors have made adjustments to their positions in CrowdStrike. Notably, B. Riley Wealth Advisors Inc. purchased a new stake valued at approximately $14,844,000 during the second quarter. Newbridge Financial Services Group Inc. increased its holdings by 5.4%, now owning 27,298 shares worth $13,903,000 after acquiring an additional 1,408 shares.
Other significant movements include MRP Capital Investments LLC, which boosted its stake by 67.4% to hold 323 shares valued at $165,000. Advisory Services Network LLC also increased its position by 3.6%, owning 41,883 shares valued at $21,331,000 following further purchases. Hedge funds and institutional investors now collectively own 71.16% of CrowdStrike’s stock.
CrowdStrike has displayed a strong performance with a market capitalization of $104.34 billion, a price-to-earnings ratio of -606.67, and a beta of 1.13. The company’s 50-day moving average price sits at $471.05, while its 200-day moving average price is $427.34.
The latest earnings report from CrowdStrike, announced on June 3, revealed earnings per share of $0.73, exceeding analysts’ expectations of $0.66 by $0.07. The company reported revenue of $1.10 billion for the quarter, slightly below the consensus estimate of $1.11 billion, but reflecting a 19.8% year-over-year increase.
Looking ahead, CrowdStrike has provided guidance for fiscal year 2026, estimating earnings per share between $3.440 and $3.560, and between $0.820 and $0.840 for Q2 2026. Analysts anticipate that the company will post earnings of $0.55 per share for the current fiscal year.
About CrowdStrike: CrowdStrike Holdings, Inc. offers comprehensive cybersecurity solutions both domestically and internationally. Its platform delivers cloud-based protection for endpoints, cloud workloads, and identity management, among other services.