CrowdStrike (NASDAQ:CRWD) Shares Up 4.4%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares were up 4.4% during mid-day trading on Thursday . The company traded as high as $265.00 and last traded at $264.77. Approximately 73,012 shares changed hands during trading, a decline of 97% from the average daily volume of 2,788,202 shares. The stock had previously closed at $253.55.

Several equities analysts have recently issued reports on CRWD shares. Stifel Nicolaus upgraded CrowdStrike from a “hold” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $300.00 in a research report on Monday, June 21st. Truist Securities increased their target price on shares of CrowdStrike from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, June 30th. Truist boosted their price target on shares of CrowdStrike from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, July 1st. Zacks Investment Research raised CrowdStrike from a “hold” rating to a “buy” rating and set a $267.00 price objective on the stock in a research note on Thursday, July 15th. Finally, Mizuho boosted their target price on CrowdStrike from $255.00 to $295.00 and gave the company a “buy” rating in a research note on Monday, July 12th. Two equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $258.31.

The business’s 50 day simple moving average is $234.13. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market cap of $59.41 billion, a PE ratio of -358.21 and a beta of 1.23.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, June 2nd. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. CrowdStrike had a negative return on equity of 11.89% and a negative net margin of 15.86%. The company had revenue of $302.80 million during the quarter, compared to analysts’ expectations of $291.77 million. During the same quarter last year, the company earned $0.02 EPS. CrowdStrike’s revenue for the quarter was up 70.0% compared to the same quarter last year. As a group, analysts expect that CrowdStrike Holdings, Inc. will post -0.5 EPS for the current year.

In related news, COO Colin Black sold 735 shares of the firm’s stock in a transaction dated Friday, June 11th. The shares were sold at an average price of $226.50, for a total value of $166,477.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph E. Sexton sold 1,785 shares of CrowdStrike stock in a transaction dated Thursday, July 15th. The stock was sold at an average price of $250.00, for a total value of $446,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 134,428 shares of company stock worth $31,600,095 in the last ninety days. Insiders own 8.64% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWD. Front Row Advisors LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth approximately $27,000. Ellevest Inc. bought a new position in CrowdStrike during the first quarter worth $27,000. Glassman Wealth Services increased its holdings in shares of CrowdStrike by 201.8% in the first quarter. Glassman Wealth Services now owns 169 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Cordasco Financial Network bought a new position in shares of CrowdStrike in the first quarter valued at about $37,000. Finally, Paradigm Strategies in Wealth Management LLC bought a new position in shares of CrowdStrike in the first quarter valued at about $37,000. 59.98% of the stock is owned by institutional investors.

About CrowdStrike (NASDAQ:CRWD)

CrowdStrike Holdings, Inc provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. It offers 19 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

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