CrowdStrike (NASDAQ:CRWD) Trading Up 0.3%

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 0.3% during mid-day trading on Tuesday . The stock traded as high as $267.04 and last traded at $266.66. 923,596 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 5,357,879 shares. The stock had previously closed at $265.87.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Monday, August 19th. Rosenblatt Securities decreased their price objective on CrowdStrike from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday. Needham & Company LLC lowered their price objective on CrowdStrike from $425.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Royal Bank of Canada decreased their price target on CrowdStrike from $420.00 to $380.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Finally, Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $335.46.

CrowdStrike Stock Performance

The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $65.67 billion, a PE ratio of 507.58, a PEG ratio of 11.79 and a beta of 1.10. The business has a 50 day simple moving average of $311.05 and a 200 day simple moving average of $319.63.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the firm’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 transaction of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock valued at $48,856,294 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently modified their holdings of the stock. Arlington Financial Advisors LLC raised its position in CrowdStrike by 1.5% during the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after acquiring an additional 30 shares in the last quarter. Saturna Capital Corp grew its stake in shares of CrowdStrike by 2.7% during the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock worth $408,000 after purchasing an additional 33 shares during the period. Means Investment CO. Inc. increased its holdings in shares of CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after purchasing an additional 35 shares in the last quarter. Shepherd Financial Partners LLC lifted its stake in shares of CrowdStrike by 1.4% in the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after purchasing an additional 36 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in CrowdStrike by 2.2% during the first quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock worth $582,000 after buying an additional 39 shares in the last quarter. 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.