CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.5%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price traded down 0.5% on Monday . The company traded as low as $296.03 and last traded at $298.50. 2,477,927 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 5,359,059 shares. The stock had previously closed at $299.85.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRWD. Jefferies Financial Group cut their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Mizuho reduced their target price on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Barclays upped their price target on shares of CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Royal Bank of Canada decreased their price objective on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, Needham & Company LLC initiated coverage on shares of CrowdStrike in a research report on Monday. They set a “buy” rating and a $360.00 target price on the stock. 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 stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $325.32.

CrowdStrike Trading Down 2.0 %

The stock has a market capitalization of $71.54 billion, a price-to-earnings ratio of 563.21, a PEG ratio of 16.14 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average is $265.90 and its 200-day moving average is $312.27.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the business posted $0.06 EPS. The company’s revenue was up 31.7% compared to the same quarter last year. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the 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 approximately $313,382,009.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,500 shares of company stock valued at $13,301,815. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently added to or reduced their stakes in CRWD. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after acquiring an additional 315,280 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after buying an additional 358,945 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of CrowdStrike by 3.0% during the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after buying an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. increased its position in CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after acquiring an additional 77,100 shares during the period. Finally, Pathstone Holdings LLC purchased a new stake in CrowdStrike during the 4th quarter valued at approximately $450,418,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

About CrowdStrike

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.