CrowdStrike (NASDAQ:CRWD) Stock Price Up 3.7% – Should You Buy?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 3.7% on Wednesday . The company traded as high as $324.61 and last traded at $318.82. Approximately 1,426,369 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 5,064,241 shares. The stock had previously closed at $307.58.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CRWD shares. Jefferies Financial Group upped their price objective on CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. BTIG Research downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Wells Fargo & Company reduced their price target on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. TD Cowen lowered their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Scotiabank reduced their price objective on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Stock Performance

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 capitalization of $78.44 billion, a PE ratio of 463.77, a PEG ratio of 20.50 and a beta of 1.10. The company has a 50 day moving average price of $287.38 and a 200 day moving average price of $308.22.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results 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. The business 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 company posted $0.06 EPS. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred 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 $329,172,858.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 11,178 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.47, for a total value of $3,325,119.66. Following the sale, the chief financial officer now directly owns 286,472 shares of the company’s stock, valued at approximately $85,216,825.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock valued at $30,529,413 in the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the 2nd quarter worth about $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the third quarter worth approximately $28,000. Tsfg LLC raised its stake in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. bought a new stake in shares of CrowdStrike in the second quarter valued at about $30,000. Finally, Castleview Partners LLC bought a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds 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.