CrowdStrike (NASDAQ:CRWD) Stock Price Down 1.5%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was down 1.5% on Monday . The company traded as low as $279.81 and last traded at $281.64. Approximately 647,000 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 5,313,717 shares. The stock had previously closed at $285.86.

Analysts Set New Price Targets

A number of research firms recently commented on CRWD. Argus dropped their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. UBS Group reduced their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, August 29th. KeyCorp increased their price objective on shares of CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a research note on Monday. Finally, Jefferies Financial Group increased their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $326.50.

CrowdStrike Price Performance

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 stock has a market capitalization of $68.27 billion, a PE ratio of 530.42, a price-to-earnings-growth ratio of 19.60 and a beta of 1.09. The stock’s 50 day moving average is $259.63 and its two-hundred day moving average is $310.90.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during 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%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The disclosure for this sale can be found here. Insiders have sold 96,962 shares of company stock worth $28,774,798 in the last quarter. 4.34% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently made changes to their positions in the stock. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike in the second quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at about $30,000. Family Firm Inc. acquired a new position in CrowdStrike in the second quarter valued at approximately $30,000. Northwest Bank & Trust Co acquired a new position in CrowdStrike during the 4th quarter valued at approximately $32,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in CrowdStrike in the first quarter worth $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.