CrowdStrike (NASDAQ:CRWD) Trading 1.1% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price rose 1.1% during trading on Thursday . The stock traded as high as $257.06 and last traded at $256.20. Approximately 567,235 shares changed hands during trading, a decline of 89% from the average daily volume of 5,342,936 shares. The stock had previously closed at $253.53.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CRWD shares. FBN Securities raised shares of CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Thursday, August 29th. Susquehanna dropped their target price on shares of CrowdStrike from $410.00 to $310.00 and set a “positive” rating on the stock in a research report on Thursday, September 5th. The Goldman Sachs Group reduced their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Wedbush reiterated an “outperform” rating and issued a $315.00 price objective on shares of CrowdStrike in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $327.16.

CrowdStrike Trading Up 0.8 %

The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The business has a 50-day simple moving average of $276.14 and a 200-day simple moving average of $313.78. The company has a market cap of $63.06 billion, a PE ratio of 488.92, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,662 shares of CrowdStrike 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 $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CrowdStrike 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 in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 11,154 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $379.81, for a total value of $4,236,400.74. Following the completion of the transaction, the chief financial officer now directly owns 297,650 shares in the company, valued at approximately $113,050,446.50. The disclosure for this sale can be found here. Over the last quarter, 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.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently bought and sold shares of CRWD. Newbridge Financial Services Group Inc. grew its holdings in shares of CrowdStrike by 24.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock worth $3,855,000 after purchasing an additional 1,966 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at about $15,285,000. NCP Inc. purchased a new position in CrowdStrike during the 2nd quarter worth approximately $115,000. Gordian Capital Singapore Pte Ltd increased its position in CrowdStrike by 15.8% during the second quarter. Gordian Capital Singapore Pte Ltd now owns 586 shares of the company’s stock worth $225,000 after buying an additional 80 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in CrowdStrike in the second quarter valued at approximately $38,000. 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.