CrowdStrike (NASDAQ:CRWD) Shares Gap Up to $277.38

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares gapped up before the market opened on Friday . The stock had previously closed at $277.38, but opened at $284.13. CrowdStrike shares last traded at $292.14, with a volume of 1,710,472 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on CRWD shares. Canaccord Genuity Group reduced their price target on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Morgan Stanley restated an “overweight” rating and set a $325.00 price target on shares of CrowdStrike in a research report on Monday, September 9th. DA Davidson restated a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a research report on Wednesday. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, Citigroup cut their price objective on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.03.

CrowdStrike Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $70.47 billion, a PE ratio of 551.21, a PEG ratio of 16.14 and a beta of 1.09. The company’s 50-day simple moving average is $267.33 and its 200 day simple moving average is $312.39.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter last year, the company posted $0.06 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 8,077 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $374.99, for a total value of $3,028,794.23. Following the completion of the transaction, the insider now owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the sale, the director now directly owns 824,234 shares in the company, valued at approximately $313,382,009.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 8,077 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $374.99, for a total transaction of $3,028,794.23. Following the completion of the sale, the insider now owns 187,091 shares in the company, valued at $70,157,254.09. The disclosure for this sale can be found here. Insiders sold 45,577 shares of company stock valued at $16,330,609 in the last 90 days. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at $25,000. Family Firm Inc. acquired a new stake in CrowdStrike during the 2nd quarter worth $30,000. Itau Unibanco Holding S.A. acquired a new stake in CrowdStrike during the 2nd quarter worth $33,000. Unique Wealth Strategies LLC acquired a new stake in CrowdStrike during the 2nd quarter worth $36,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the 1st quarter worth $30,000. 71.16% of the stock is currently 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.