CrowdStrike (NASDAQ:CRWD) Trading 1% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded up 1% on Friday . The stock traded as high as $273.38 and last traded at $270.43. 1,048,691 shares traded hands during trading, a decline of 81% from the average session volume of 5,382,627 shares. The stock had previously closed at $267.64.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research reports. Scotiabank reduced their price target on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Robert W. Baird reduced their price target on shares of CrowdStrike from $350.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, July 23rd. Truist Financial reduced their price target 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. JMP Securities reiterated a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research report on Tuesday, May 14th. Finally, Rosenblatt Securities reduced their price target on shares of CrowdStrike from $420.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $337.58.

CrowdStrike Trading Up 1.2 %

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 firm has a market capitalization of $65.94 billion, a price-to-earnings ratio of 510.25, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The firm’s 50 day moving average is $315.82 and its 200 day moving average is $320.11.

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

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the transaction, the president now owns 411,166 shares in the company, valued at approximately $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, President Michael Sentonas sold 10,735 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the transaction, the president now owns 411,166 shares in the company, valued at approximately $156,502,114.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,219 shares of company stock worth $48,856,294. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after purchasing an additional 315,280 shares during the period. Norges Bank bought a new stake in CrowdStrike in the 4th quarter valued at $683,336,000. First Trust Advisors LP boosted its holdings in CrowdStrike by 19.3% in the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after purchasing an additional 358,945 shares during the period. Legal & General Group Plc boosted its holdings in CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after purchasing an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after purchasing an additional 77,100 shares during the period. 71.16% of the stock is currently 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.