CrowdStrike (NASDAQ:CRWD) Shares Down 0.9%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 0.9% during mid-day trading on Friday . The company traded as low as $251.26 and last traded at $251.81. Approximately 3,569,243 shares changed hands during trading, a decline of 29% from the average session volume of 4,997,749 shares. The stock had previously closed at $254.15.

Analyst Ratings Changes

Several research firms recently issued reports on CRWD. BMO Capital Markets reduced their price target on CrowdStrike from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, June 5th. Scotiabank downgraded shares of CrowdStrike from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $393.00 to $300.00 in a research note on Monday. Robert W. Baird lowered their price target on shares of CrowdStrike from $350.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday. Citigroup cut their price objective on shares of CrowdStrike from $425.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Wedbush decreased their target price on shares of CrowdStrike from $385.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $359.16.

CrowdStrike Stock Performance

The firm has a market capitalization of $62.40 billion, a P/E ratio of 475.12, a PEG ratio of 13.10 and a beta of 1.10. The company has a 50-day simple moving average of $355.96 and a two-hundred day simple moving average of $326.03. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. As a group, equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current year.

Insider Transactions at CrowdStrike

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 value of $1,485,280.00. Following the transaction, the insider now directly owns 183,091 shares in the company, valued at approximately $67,985,350.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock valued at $76,931,522 in the last quarter. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the business. Family Firm Inc. purchased a new stake in CrowdStrike during the second quarter valued at approximately $30,000. Unique Wealth Strategies LLC purchased a new position in shares of CrowdStrike during the second quarter worth approximately $36,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike during the first quarter valued at approximately $30,000. Hobbs Group Advisors LLC bought a new stake in CrowdStrike during the 2nd quarter valued at $38,000. Finally, CVA Family Office LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at $26,000. Hedge funds and other 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.