CrowdStrike (NASDAQ:CRWD) Trading Up 0.4%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price traded up 0.4% on Friday . The stock traded as high as $284.50 and last traded at $282.64. 685,744 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 5,326,852 shares. The stock had previously closed at $281.48.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Truist Financial reissued a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Wednesday, August 28th. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Sanford C. Bernstein lowered their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. TD Cowen lowered their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Wedbush reaffirmed an “outperform” rating and set a $315.00 target price on shares of CrowdStrike in a report on Friday, August 9th. One equities research 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $326.50.

CrowdStrike Price Performance

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 firm has a market capitalization of $69.36 billion, a price-to-earnings ratio of 537.49, a P/E/G ratio of 19.60 and a beta of 1.09. The stock’s 50 day moving average price is $260.01 and its two-hundred day moving average price is $311.39.

CrowdStrike (NASDAQ:CRWD) last posted 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 net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the prior year, the business posted $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the sale, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The disclosure for this sale can be found here. Insiders have sold 111,962 shares of company stock valued at $34,477,948 over the last three months. 4.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in CrowdStrike by 2.0% during 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 during the period. First Trust Advisors LP lifted its stake 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 period. Legal & General Group Plc lifted its stake in shares of CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after buying an additional 60,607 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after buying an additional 77,100 shares during the period. Finally, Pathstone Holdings LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at about $450,418,000. 71.16% of the stock is currently owned by institutional investors.

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.