Shares of CrowdStrike Holdings, Inc. (NASDAQ: CRWD) experienced a decline of 1.6% on Tuesday, trading at approximately $419.73 after Evercore ISI adjusted its price target for the cybersecurity firm from $440.00 to $425.00. The adjustment follows an in-line rating from Evercore ISI, contributing to the stock’s downturn, which saw prices drop as low as $422.50 during the day.
Trading volume for CrowdStrike was notably lower, with 894,688 shares exchanged, a significant decrease of 76% from the average session volume of 3,691,322 shares. The stock had closed the previous day at $426.34.
Analyst Opinions Vary on CrowdStrike
Several analysts have recently provided mixed evaluations of CrowdStrike. Susquehanna raised its price objective from $425.00 to $530.00, emphasizing a “positive” outlook in a research report dated June 4. Similarly, Wedbush increased its target price from $475.00 to $525.00, maintaining an “outperform” rating. Morgan Stanley reaffirmed an “equal weight” rating and adjusted its target price to $495.00, up from $490.00, while Raymond James Financial also raised its target from $390.00 to $485.00.
In contrast, according to MarketBeat.com, the overall consensus among analysts rates the stock as a “Moderate Buy,” with an average price target of $460.81. Out of 46 investment analysts, 26 have rated CrowdStrike as a Buy, 19 have given it a Hold rating, and only 1 has issued a Sell rating.
Insider Transactions and Institutional Holdings
In other news, significant insider trading activities have occurred at CrowdStrike. On June 11, President Michael Sentonas sold 25,000 shares at an average price of $477.00, totaling $11,925,000.00. This sale reduced his holdings to 422,204 shares, valued at approximately $201.4 million. Similarly, Director Roxanne S. Austin sold 15,000 shares on June 25 for $497.67 each, amounting to $7,465,050.00. Following this transaction, she holds 18,858 shares, valued at roughly $9.39 million.
Over the past three months, insiders have sold a total of 214,414 shares worth approximately $101.5 million, with corporate insiders currently owning 3.32% of the company’s stock.
Institutional investors have also been adjusting their positions. B. Riley Wealth Advisors Inc. acquired a new stake in CrowdStrike worth around $14.8 million during the second quarter. Other firms, including Newbridge Financial Services Group Inc. and MRP Capital Investments LLC, have boosted their stakes in the company, reflecting growing interest among institutional investors. Currently, institutional ownership stands at 71.16%.
CrowdStrike’s stock performance has been closely monitored as it maintains a market cap of $104.34 billion and a PE ratio of -606.67. The company reported earnings of $0.73 per share for the most recent quarter, surpassing consensus estimates of $0.66. Total revenue for the quarter reached $1.10 billion, slightly below expectations but a 19.8% year-over-year increase.
As CrowdStrike continues to navigate the market, analysts and investors alike will keep a close eye on future developments, including the company’s guidance for fiscal year 2026, which estimates earnings per share will range between $3.440 and $3.560.
CrowdStrike Holdings, Inc. provides a range of cybersecurity solutions globally, focusing on endpoint protection, cloud workload security, and various managed security services. The company’s innovative platform has positioned it as a key player in the cybersecurity landscape, catering to a diverse clientele.
