CrowdStrike shares fall 4% on high volume in wake of earnings results
MF3d/E+ via Getty Images


CrowdStrike Holdings (NASDAQ:CRWD) shares fell by almost 4% Thursday on high volume for cloud-based network security technology company.
By mid-afternoon, 5.4M shares of CrowdStrike (CRWD) shares had traded hands. The company averages about 5.1M shares exchanged on a daily basis.

Thursday's selloff came on the heels of CrowdStrike (CRWD) getting a boost following its fiscal fourth-quarter results. Earlier this week, CrowdStrike (CRWD) reported fourth-quarter earnings and sales that topped Wall Street's expectations, and gave a first-quarter forecast that suggests more growth for its cybersecurity offerings.
Wall Street analysts have a consensus strong buy rating on CrowdStrike's (CRWD) stock, while Seeking Alpha authors give a buy rating to the company's shares. Seeking Alpha's Quant Season, which historically outperforms the stock market, is a little more cautious, and gives CrowdStrike's stock a rating of hold.