CrowdStrike (NASDAQ:CRWD) Shares Down 2%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded down 2% on Wednesday . The company traded as low as $242.25 and last traded at $242.77. 764,836 shares traded hands during trading, a decline of 86% from the average session volume of 5,358,503 shares. The stock had previously closed at $247.74.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CRWD shares. Sanford C. Bernstein reduced their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Raymond James lowered their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and set a $350.00 price target on shares of CrowdStrike in a research note on Friday, September 6th. Finally, BMO Capital Markets increased their price objective on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $327.16.

CrowdStrike Stock Performance

The company has a market capitalization of $60.53 billion, a P/E ratio of 458.06, a P/E/G ratio of 15.68 and a beta of 1.09. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $284.03 and its 200 day moving average is $315.04.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’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. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,662 shares of the business’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 transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike during the 2nd quarter worth $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at about $30,000. Family Firm Inc. purchased a new position in shares of CrowdStrike during the 2nd quarter valued at about $30,000. Johnson Financial Group Inc. bought a new stake in CrowdStrike in the 4th quarter worth approximately $31,000. Finally, Northwest Bank & Trust Co purchased a new stake in CrowdStrike in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.