CrowdStrike (NASDAQ:CRWD) Trading Down 1.1%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares fell 1.1% on Tuesday . The company traded as low as $275.35 and last traded at $277.46. 811,060 shares were traded during mid-day trading, a decline of 85% from the average session volume of 5,301,589 shares. The stock had previously closed at $280.47.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRWD. Needham & Company LLC started coverage on CrowdStrike in a research note on Monday, September 23rd. They issued a “buy” rating and a $360.00 price target on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $290.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Truist Financial reaffirmed a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Wednesday, August 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Finally, TD Cowen decreased their price objective on CrowdStrike from $400.00 to $380.00 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 given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $326.50.

CrowdStrike Trading Down 1.2 %

The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $259.96 and a two-hundred day simple moving average of $310.56. The firm has a market cap of $67.44 billion, a PE ratio of 523.51, a PEG ratio of 19.60 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the transaction, the president now owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the transaction, the president now owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The disclosure for this sale can be found here. Insiders sold a total of 96,962 shares of company stock valued at $28,774,798 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Large investors have recently modified their holdings of the company. Burney Co. bought a new stake in shares of CrowdStrike in the first quarter worth $1,342,000. Principal Financial Group Inc. grew its holdings in shares of CrowdStrike by 429.2% in the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after acquiring an additional 242,052 shares during the period. HWG Holdings LP bought a new stake in shares of CrowdStrike in the second quarter worth $2,955,000. BNP Paribas bought a new stake in shares of CrowdStrike in the first quarter worth $2,685,000. Finally, Swedbank AB bought a new stake in shares of CrowdStrike in the first quarter worth $73,972,000. Institutional investors own 71.16% of the company’s stock.

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.