CrowdStrike (NASDAQ:CRWD) Trading Up 4.7%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price rose 4.7% during mid-day trading on Thursday . The company traded as high as $279.74 and last traded at $279.74. Approximately 1,597,172 shares traded hands during trading, a decline of 70% from the average daily volume of 5,280,791 shares. The stock had previously closed at $267.12.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Scotiabank dropped their price target on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Sanford C. Bernstein decreased their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. HSBC raised shares of 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 report on Friday, August 30th. Evercore ISI dropped their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Finally, Barclays lifted their target price on shares of CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.03.

CrowdStrike Stock Performance

The company’s 50 day moving average is $265.90 and its 200 day moving average is $312.29. The firm has a market cap of $72.97 billion, a P/E ratio of 565.75, a P/E/G ratio of 16.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were 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 directly owns 18,297 shares in the company, valued at approximately $7,136,012.97. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the sale, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The disclosure for this sale can be found here. Insiders sold a total of 45,577 shares of company stock worth $16,330,609 in the last quarter. 4.34% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

Several institutional investors have recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the 1st quarter worth about $30,000. Family Firm Inc. acquired a new stake in CrowdStrike during the 2nd quarter worth about $30,000. Johnson Financial Group Inc. bought a new position in shares of CrowdStrike in the 4th quarter worth about $31,000. Finally, Northwest Bank & Trust Co acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $32,000. 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.