CrowdStrike (NASDAQ:CRWD) Trading 0.5% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price traded up 0.5% on Monday . The stock traded as high as $385.80 and last traded at $385.23. 607,939 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 4,165,005 shares. The stock had previously closed at $383.19.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Scotiabank lowered their target price on CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating on the stock in a report on Wednesday, June 5th. Susquehanna lifted their price objective on CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Truist Financial lifted their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Friday, June 21st. Finally, HSBC lifted their price objective on CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $382.35.

CrowdStrike Stock Down 1.8 %

The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The stock has a 50-day simple moving average of $343.61 and a 200-day simple moving average of $315.35. The company has a market cap of $93.71 billion, a price-to-earnings ratio of 726.52, a price-to-earnings-growth ratio of 19.31 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The business had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the transaction, the director now owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders have sold 219,675 shares of company stock valued at $76,681,402 over the last three months. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently modified their holdings of the stock. CVA Family Office LLC acquired a new stake in CrowdStrike during the 4th quarter valued at $26,000. Hexagon Capital Partners LLC bought a new position in CrowdStrike in the 4th quarter valued at $26,000. Silver Oak Securities Incorporated bought a new position in CrowdStrike in the 3rd quarter valued at $27,000. Bear Mountain Capital Inc. bought a new position in CrowdStrike in the 4th quarter valued at $27,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the 1st quarter valued at $30,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.