CrowdStrike (NASDAQ:CRWD) Shares Up 0.7% – Still a Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price shot up 0.7% during trading on Thursday . The company traded as high as $311.40 and last traded at $308.53. 979,087 shares were traded during mid-day trading, a decline of 81% from the average session volume of 5,201,598 shares. The stock had previously closed at $306.24.

Analysts Set New Price Targets

Several research firms have recently weighed in on CRWD. Susquehanna reissued a “positive” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Redburn Atlantic lowered CrowdStrike from a “neutral” rating to a “sell” rating and dropped their target price for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.44.

CrowdStrike Stock Up 1.1 %

The stock has a market cap of $75.34 billion, a PE ratio of 582.13, a P/E/G ratio of 19.94 and a beta of 1.10. The business has a 50 day moving average price of $273.47 and a 200 day moving average price of $308.41. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter last year, the company earned $0.06 EPS. The business’s revenue was up 31.7% on a year-over-year basis. Equities research analysts expect 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 the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares in the company, valued at approximately $38,455,315.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the sale, the director now directly owns 821,766 shares of the company’s stock, valued at $263,277,391.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the transaction, the insider now directly owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock worth $30,529,413 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of the business. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike during the 2nd quarter worth approximately $25,000. Tsfg LLC boosted its position in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the last quarter. Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at about $30,000. Family Firm Inc. acquired a new stake in CrowdStrike during the second quarter worth about $30,000. Finally, Future Financial Wealth Managment LLC acquired a new position in CrowdStrike in the 1st quarter valued at about $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.