CrowdStrike (NASDAQ:CRWD) Shares Up 0.9%

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) were up 0.9% on Friday . The stock traded as high as $393.29 and last traded at $390.85. Approximately 709,537 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 4,131,023 shares. The stock had previously closed at $387.29.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $420.00 price target on shares of CrowdStrike in a research note on Wednesday, June 5th. DA Davidson reduced their target price on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Wedbush dropped their price target on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Macquarie reaffirmed an “outperform” rating and issued a $370.00 price objective on shares of CrowdStrike in a research note on Tuesday, March 19th. Finally, Mizuho lowered their target price on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. One research analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Buy” and an average target price of $380.62.

CrowdStrike Stock Down 1.1 %

The company has a market capitalization of $93.25 billion, a P/E ratio of 723.01, a P/E/G ratio of 19.52 and a beta of 1.08. The business’s fifty day moving average price is $341.55 and its 200 day moving average price is $313.93. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction 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 sale, the president now owns 411,166 shares in the company, valued at approximately $156,502,114.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Burt W. Podbere sold 64,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the transaction, the chief financial officer now owns 306,508 shares in the company, valued at approximately $97,003,651.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 10,735 shares of the firm’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 $4,086,063.05. Following the completion of the sale, the president now owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The disclosure for this sale can be found here. Insiders sold 283,675 shares of company stock worth $95,985,272 over the last three months. 4.34% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of CRWD. Morgan Stanley lifted its stake in shares of CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after acquiring an additional 2,757,251 shares during the period. Norges Bank bought a new position in shares of CrowdStrike in the 4th quarter valued at about $683,336,000. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $450,418,000. Jennison Associates LLC raised its stake in shares of CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.