CrowdStrike (NASDAQ:CRWD) Stock Price Down 1.1%

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 1.1% during trading on Tuesday . The stock traded as low as $273.50 and last traded at $274.30. Approximately 1,520,489 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 5,414,931 shares. The stock had previously closed at $277.28.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several analyst reports. Wedbush reiterated an “outperform” rating and issued a $315.00 price objective on shares of CrowdStrike in a research note on Friday, August 9th. JPMorgan Chase & Co. dropped their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. BMO Capital Markets increased their price target on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Finally, Piper Sandler raised CrowdStrike from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $310.00 to $290.00 in a report on Tuesday, August 6th. One research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $327.16.

CrowdStrike Stock Performance

The stock has a fifty day simple moving average of $295.04 and a two-hundred day simple moving average of $316.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.80 and a current ratio of 1.90. The stock has a market capitalization of $62.41 billion, a price-to-earnings ratio of 486.79, a P/E/G ratio of 13.44 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping 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 business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the transaction, the chief executive officer now owns 1,127,843 shares in the company, valued at $424,576,497.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 55,587 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the sale, the chief executive officer now owns 1,127,843 shares of the company’s stock, valued at approximately $424,576,497.35. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock worth $48,856,294 in the last quarter. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Fisher Asset Management LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at about $533,000. Merit Financial Group LLC purchased a new position in CrowdStrike in the fourth quarter worth $410,000. Axxcess Wealth Management LLC bought a new position in CrowdStrike in the 4th quarter valued at $217,000. Private Advisor Group LLC increased its position in shares of CrowdStrike by 7.1% during the 4th quarter. Private Advisor Group LLC now owns 22,732 shares of the company’s stock valued at $5,804,000 after purchasing an additional 1,506 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of CrowdStrike by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 791,803 shares of the company’s stock worth $202,163,000 after purchasing an additional 32,838 shares during the period. 71.16% of the stock is owned by 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.