CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.7% – What’s Next?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 0.7% during trading on Tuesday . The stock traded as high as $303.32 and last traded at $301.07. Approximately 393,907 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 5,072,521 shares. The stock had previously closed at $298.88.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wedbush set a $330.00 target price on shares of CrowdStrike in a research note on Thursday, October 17th. Raymond James decreased their target price on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Evercore ISI reduced their price objective on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, BMO Capital Markets boosted their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Stock Up 2.5 %

The business has a 50 day moving average of $285.51 and a two-hundred day moving average of $307.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $75.06 billion, a PE ratio of 436.33, a PEG ratio of 20.50 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating 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 period last year, the business earned $0.06 EPS. The company’s revenue was up 31.7% compared to the same quarter last year. Analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock worth $30,529,413 in the last ninety days. 4.34% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arlington Financial Advisors LLC increased its holdings in shares of CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after purchasing an additional 30 shares in the last quarter. Saturna Capital Corp increased its holdings in CrowdStrike by 2.7% in the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after buying an additional 33 shares in the last quarter. Sunpointe LLC raised its position in shares of CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after acquiring an additional 34 shares during the period. Means Investment CO. Inc. grew its position 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 acquiring an additional 35 shares during the period. Finally, Interchange Capital Partners LLC grew its position in shares of CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after acquiring an additional 39 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

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.