CrowdStrike (NASDAQ:CRWD) Trading 0.2% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded up 0.2% during mid-day trading on Monday . The company traded as high as $222.25 and last traded at $218.27. 4,816,201 shares changed hands during trading, a decline of 10% from the average session volume of 5,333,101 shares. The stock had previously closed at $217.89.

Analyst Upgrades and Downgrades

Several research analysts have commented on CRWD shares. Canaccord Genuity Group restated a “buy” rating and issued a $405.00 target price on shares of CrowdStrike in a research note on Monday, July 22nd. Jefferies Financial Group decreased their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and cut their price target for the company from $380.00 to $275.00 in a report on Thursday, July 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Friday, June 21st. Finally, BMO Capital Markets dropped their price objective on CrowdStrike from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $351.76.

CrowdStrike Price Performance

The firm has a market cap of $53.42 billion, a PE ratio of 420.22, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a 50-day simple moving average of $342.74 and a 200 day simple moving average of $324.93.

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

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the transaction, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Burt W. Podbere sold 12,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $329.10, for a total value of $3,949,200.00. Following the completion of the transaction, the chief financial officer now owns 308,593 shares in the company, valued at $101,557,956.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,643 shares of company stock valued at $54,992,604. 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. Victory Capital Management Inc. lifted its holdings in shares of CrowdStrike by 7.4% during the 2nd quarter. Victory Capital Management Inc. now owns 209,859 shares of the company’s stock valued at $80,416,000 after buying an additional 14,467 shares during the period. Denver PWM LLC bought a new position in CrowdStrike in the second quarter valued at about $48,000. Peterson Wealth Management boosted its position in CrowdStrike by 65.7% in the second quarter. Peterson Wealth Management now owns 10,641 shares of the company’s stock worth $4,078,000 after purchasing an additional 4,218 shares during the last quarter. Crumly & Associates Inc. bought a new stake in shares of CrowdStrike during the 2nd quarter valued at about $352,000. Finally, National Bank of Canada FI increased its position in shares of CrowdStrike by 19.4% during the 2nd quarter. National Bank of Canada FI now owns 97,713 shares of the company’s stock valued at $38,310,000 after purchasing an additional 15,870 shares during the last quarter. 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.