CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Free Report)’s stock price traded down 0% during mid-day trading on Tuesday . The stock traded as low as $359.25 and last traded at $363.64. 1,438,332 shares were traded during mid-day trading, a decline of 71% from the average session volume of 4,968,080 shares. The stock had previously closed at $363.68.
Analysts Set New Price Targets
A number of research analysts have commented on CRWD shares. Morgan Stanley upped their price objective on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. TD Cowen dropped their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. CICC Research assumed coverage on shares of CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 target price on the stock. Rosenblatt Securities raised their target price on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a report on Monday. Finally, The Goldman Sachs Group cut their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $339.08.
Read Our Latest Research Report on CrowdStrike
CrowdStrike Trading Down 0.5 %
CrowdStrike (NASDAQ:CRWD – Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current fiscal year.
Insider Buying and Selling at CrowdStrike
In other news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the transaction, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. The trade was a 2.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 in the last 90 days. 4.34% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the second quarter worth approximately $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $28,000. Tsfg LLC increased its stake in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Family Firm Inc. acquired a new position in CrowdStrike during the second quarter worth $30,000. Finally, Castleview Partners LLC acquired a new stake in shares of CrowdStrike during the third quarter worth approximately $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.
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.
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