CrowdStrike (NASDAQ:CRWD) Trading Up 1.1% – Still a Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 1.1% on Wednesday . The stock traded as high as $315.48 and last traded at $314.43. 700,327 shares were traded during mid-day trading, a decline of 86% from the average session volume of 5,118,898 shares. The stock had previously closed at $310.94.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CRWD. TD Cowen dropped their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. KeyCorp lifted their price objective on shares of CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. Piper Sandler reaffirmed an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, Guggenheim cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Stock Up 1.2 %

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 company has a market cap of $73.66 billion, a price-to-earnings ratio of 437.25, a price-to-earnings-growth ratio of 20.79 and a beta of 1.10. The business’s 50 day simple moving average is $284.22 and its 200-day simple moving average is $307.74.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for 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 was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,212 shares of company stock valued at $30,529,413. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently made changes to their positions in CRWD. Burney Co. bought a new stake in shares of CrowdStrike in the 1st quarter worth approximately $1,342,000. Doliver Advisors LP lifted its position in CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in CrowdStrike by 258.9% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 19,315 shares of the company’s stock valued at $5,417,000 after buying an additional 13,934 shares during the period. Finally, HWG Holdings LP bought a new position in shares of CrowdStrike during the 2nd quarter worth about $2,955,000. Institutional investors own 71.16% of the company’s stock.

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.