CrowdStrike (NASDAQ:CRWD) Trading Up 2.3%

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 2.3% on Monday . The stock traded as high as $265.50 and last traded at $262.06. Approximately 5,011,759 shares were traded during trading, a decline of 1% from the average daily volume of 5,039,557 shares. The stock had previously closed at $256.16.

Wall Street Analyst Weigh In

CRWD has been the subject of several analyst reports. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and dropped their target price for the company from $388.00 to $302.00 in a report on Tuesday, July 23rd. Morgan Stanley lowered their price target on CrowdStrike from $396.00 to $360.00 and set an “overweight” rating for the company in a research report on Monday. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Evercore ISI lowered their price target on CrowdStrike from $405.00 to $350.00 and set an “outperform” rating for the company in a research report on Friday, July 19th. Finally, Wells Fargo & Company decreased their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $356.37.

CrowdStrike Stock Up 1.1 %

The company has a market cap of $63.00 billion, a P/E ratio of 492.96, a P/E/G ratio of 13.09 and a beta of 1.10. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $354.16 and its 200 day moving average is $326.67.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results 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 business had revenue of $921.04 million for the quarter, compared to analyst estimates 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 anticipate that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the transaction, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the completion of the transaction, the insider now owns 204,961 shares in the company, valued at approximately $68,358,592.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the transaction, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,675 shares of company stock valued at $76,931,522. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several institutional investors have recently made changes to their positions in the company. American Capital Advisory LLC purchased a new stake in shares of CrowdStrike during the 2nd quarter valued at approximately $123,000. Panagora Asset Management Inc. increased its holdings in CrowdStrike by 28.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 260,078 shares of the company’s stock valued at $99,659,000 after purchasing an additional 57,892 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in CrowdStrike by 21.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 78,125 shares of the company’s stock valued at $29,937,000 after purchasing an additional 13,785 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in CrowdStrike by 4.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 6,325 shares of the company’s stock valued at $2,424,000 after purchasing an additional 251 shares during the last quarter. Finally, Zevin Asset Management LLC acquired a new position in shares of CrowdStrike in the second quarter worth $7,891,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.