CrowdStrike (NASDAQ:CRWD) Trading Up 0.7% – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price shot up 0.7% during trading on Wednesday . The stock traded as high as $297.94 and last traded at $295.12. 659,920 shares were traded during trading, a decline of 87% from the average session volume of 5,226,781 shares. The stock had previously closed at $293.01.

Analyst Ratings Changes

CRWD has been the topic of a number of research analyst reports. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. Robert W. Baird dropped their target price on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Sanford C. Bernstein decreased their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Finally, Susquehanna reiterated a “positive” rating and set a $310.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $325.44.

CrowdStrike Stock Performance

The stock’s 50-day moving average is $263.59 and its 200-day moving average is $308.94. The firm has a market capitalization of $71.92 billion, a price-to-earnings ratio of 556.83, a PEG ratio of 19.60 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the business earned $0.06 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. On average, analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the sale, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Burt W. Podbere sold 11,178 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the completion of the sale, the chief financial officer now owns 286,472 shares in the company, valued at approximately $85,216,825.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the transaction, the insider now owns 183,091 shares of the company’s stock, valued at $67,985,350.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,962 shares of company stock valued at $28,774,798 in the last 90 days. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently bought and sold shares of the business. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $450,418,000. Vanguard Group Inc. lifted its holdings in shares of CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after purchasing an additional 1,028,405 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after acquiring an additional 564,662 shares during the period. Acadian Asset Management LLC increased its stake in CrowdStrike by 619.0% in the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after purchasing an additional 477,706 shares during the period. Finally, Frontier Capital Management Co. LLC purchased a new stake in CrowdStrike during the 4th quarter valued at approximately $100,459,000. Hedge funds and other institutional investors 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.