Top 5 Losers Today

2. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 85

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) lost nearly 20 percent of their value this morning on lower-than-expected sales outlook for the current quarter. The cybersecurity technology company projected revenue of $619.1 – $628.2 million for its fiscal fourth quarter, below the consensus of $633.9 million.

The weak guidance also overshadowed the company’s earnings beat for its fiscal Q3. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) reported adjusted earnings of 40 cents per share, up from 17 cents per share in the comparable period of 2021.

Revenue for the quarter skyrocketed 53 percent on a year-over-year basis to $581 million. Analysts expected CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to earn 32 cents per share on revenue of $575.1 million.

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