CrowdStrike (NASDAQ:CRWD) Trading 1.7% Higher

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 1.7% during trading on Wednesday . The stock traded as high as $274.42 and last traded at $271.13. Approximately 2,238,128 shares changed hands during trading, a decline of 59% from the average daily volume of 5,396,762 shares. The stock had previously closed at $266.53.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CRWD shares. Mizuho lowered their price target on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Truist Financial reduced their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Redburn Atlantic cut shares of CrowdStrike from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. JMP Securities reissued a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Tuesday, May 14th. Finally, Needham & Company LLC lowered their price objective on CrowdStrike from $425.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $337.58.

CrowdStrike Trading Up 1.5 %

The firm’s fifty day simple moving average is $315.82 and its 200-day simple moving average is $320.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market cap of $66.08 billion, a P/E ratio of 510.25, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10.

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

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the transaction, the insider now directly owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the transaction, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at approximately $424,576,497.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the completion of the sale, the insider now directly owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of CRWD. Vanguard Group Inc. boosted its stake in CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after acquiring an additional 315,280 shares during the last quarter. Norges Bank purchased a new position in CrowdStrike in the fourth quarter valued at approximately $683,336,000. First Trust Advisors LP increased its position in CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after buying an additional 358,945 shares during the last quarter. Legal & General Group Plc raised its stake in shares of CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after buying an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after buying an additional 77,100 shares during the last quarter. 71.16% of the stock is currently owned by 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.