CrowdStrike (NASDAQ:CRWD) Shares Down 0.5%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares fell 0.5% during trading on Wednesday . The stock traded as low as $258.41 and last traded at $265.19. 1,380,668 shares changed hands during trading, a decline of 75% from the average session volume of 5,414,627 shares. The stock had previously closed at $266.60.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRWD. Robert W. Baird cut their price objective on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Wells Fargo & Company reduced their price target on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and lifted their price objective for the company from $302.00 to $339.00 in a report on Friday, August 30th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Thursday, August 29th. One investment 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $327.16.

CrowdStrike Stock Down 1.1 %

The firm has a market capitalization of $62.41 billion, a PE ratio of 483.83, a PEG ratio of 13.44 and a beta of 1.09. The business’s fifty day moving average price is $292.42 and its 200 day moving average price is $316.40. The company has a quick ratio of 1.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results 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 firm 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 earnings per share. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the sale, the insider now owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the completion of the transaction, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the sale, the director now owns 824,234 shares in the company, valued at $313,382,009.14. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock worth $48,856,294 over the last ninety days. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of CrowdStrike in the 4th quarter worth approximately $683,336,000. Pathstone Holdings LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth about $450,418,000. Vanguard Group Inc. grew its stake in 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 acquiring an additional 1,028,405 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in CrowdStrike by 47.5% during the 2nd 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 in the last quarter. Finally, Acadian Asset Management LLC raised its position in CrowdStrike by 619.0% during the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after acquiring an additional 477,706 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other 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.