CrowdStrike (NASDAQ:CRWD) Stock Price Up 3.8%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares rose 3.8% during mid-day trading on Wednesday . The stock traded as high as $243.50 and last traded at $240.55. Approximately 3,511,389 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 5,396,574 shares. The stock had previously closed at $231.69.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CRWD shares. Citigroup dropped their target price on shares of CrowdStrike from $425.00 to $345.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. KeyCorp lowered their price objective on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. JMP Securities reiterated a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Tuesday, May 14th. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada lowered their price target on shares of CrowdStrike from $420.00 to $380.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $351.24.

CrowdStrike Stock Up 0.0 %

The company has a market cap of $56.40 billion, a PE ratio of 453.88, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The business has a fifty day simple moving average of $337.85 and a two-hundred day simple moving average of $324.09. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share 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 research analysts predict that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the firm’s 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 completion of the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,662 shares of the business’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 value of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,643 shares of company stock worth $54,992,604. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CRWD. William Howard & Co Financial Advisors Inc purchased a new stake in shares of CrowdStrike in the second quarter valued at $261,000. Redwood Financial Network Corp increased its stake in CrowdStrike by 3.0% during the second quarter. Redwood Financial Network Corp now owns 3,064 shares of the company’s stock worth $1,174,000 after acquiring an additional 90 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of CrowdStrike by 26.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 43,051 shares of the company’s stock worth $16,496,000 after purchasing an additional 9,007 shares during the period. Doheny Asset Management CA lifted its stake in shares of CrowdStrike by 153.7% in the 2nd quarter. Doheny Asset Management CA now owns 6,850 shares of the company’s stock valued at $2,625,000 after purchasing an additional 4,150 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in shares of CrowdStrike by 3.1% during the 2nd quarter. Royal London Asset Management Ltd. now owns 86,652 shares of the company’s stock worth $33,204,000 after purchasing an additional 2,594 shares during the period. Institutional investors and hedge funds 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.