Investors Purchase High Volume of Call Options on CrowdStrike (NASDAQ:CRWD)

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) saw some unusual options trading on Friday. Traders acquired 137,767 call options on the stock. This represents an increase of 39% compared to the typical daily volume of 99,014 call options.

CrowdStrike Trading Up 7.8 %

Shares of CrowdStrike stock traded up $21.54 on Friday, hitting $298.92. 8,551,984 shares of the company’s stock traded hands, compared to its average volume of 5,324,159. The firm’s 50-day moving average price is $267.33 and its two-hundred day moving average price is $312.39. The stock has a market capitalization of $72.75 billion, a PE ratio of 543.60, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. CrowdStrike has a one year low of $157.59 and a one year high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last issued its 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. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. On average, research analysts expect that CrowdStrike will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CRWD. KeyCorp dropped their price objective on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $302.00 to $339.00 in a research note on Friday, August 30th. BTIG Research downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Needham & Company LLC reissued a “buy” rating and set a $350.00 target price on shares of CrowdStrike in a research report on Friday, September 6th. Finally, Canaccord Genuity Group decreased their target price on CrowdStrike from $340.00 to $330.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $327.03.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the transaction, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction dated 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 transaction, the director now directly owns 824,234 shares in the company, valued at $313,382,009.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at $7,136,012.97. The disclosure for this sale can be found here. Insiders have sold a total of 45,577 shares of company stock worth $16,330,609 over the last three months. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of large investors have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of CrowdStrike in the 2nd quarter valued at $41,836,000. Newbridge Financial Services Group Inc. increased its position in shares of CrowdStrike by 24.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock valued at $3,855,000 after buying an additional 1,966 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at $15,285,000. NCP Inc. bought a new stake in shares of CrowdStrike in the 2nd quarter valued at $115,000. Finally, Gordian Capital Singapore Pte Ltd increased its position in shares of CrowdStrike by 15.8% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 586 shares of the company’s stock valued at $225,000 after buying an additional 80 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

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.