CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.9%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price rose 0.9% on Tuesday . The stock traded as high as $272.40 and last traded at $270.12. Approximately 820,966 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 5,302,196 shares. The stock had previously closed at $267.81.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Wells Fargo & Company cut their price target on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Robert W. Baird cut their price target on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Scotiabank cut their price target on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Finally, Canaccord Genuity Group cut their price target on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $327.16.

CrowdStrike Trading Down 0.6 %

The stock has a 50-day simple moving average of $269.19 and a two-hundred day simple moving average of $312.63. 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 firm has a market cap of $65.01 billion, a PE ratio of 504.00, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released 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 firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Insider Activity

In other news, insider Shawn Henry sold 5,504 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $2,094,987.52. Following the completion of the sale, the insider now owns 195,168 shares of the company’s stock, valued at approximately $74,286,795.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Shawn Henry sold 5,504 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $2,094,987.52. Following the completion of the transaction, the insider now directly owns 195,168 shares in the company, valued at approximately $74,286,795.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the transaction, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock valued at $48,306,394 in the last quarter. 4.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the 2nd quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the 1st quarter worth approximately $30,000. Family Firm Inc. bought a new position in CrowdStrike in the 2nd quarter worth approximately $30,000. Johnson Financial Group Inc. bought a new position in CrowdStrike in the 4th quarter worth approximately $31,000. Finally, Northwest Bank & Trust Co bought a new position in CrowdStrike in the 4th quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors.

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.