CrowdStrike (NASDAQ:CRWD) Trading Up 0.2%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares shot up 0.2% during mid-day trading on Monday . The stock traded as high as $222.25 and last traded at $218.27. 4,816,201 shares changed hands during trading, a decline of 10% from the average session volume of 5,333,101 shares. The stock had previously closed at $217.89.

Analyst Ratings Changes

CRWD has been the subject of a number of research analyst reports. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Tuesday, July 23rd. HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and cut their target price for the stock from $388.00 to $302.00 in a research report on Tuesday, July 23rd. Oppenheimer raised their price target on CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 5th. Wedbush reissued an “outperform” rating and issued a $315.00 target price on shares of CrowdStrike in a report on Friday, August 2nd. Finally, Wells Fargo & Company dropped their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $351.24.

CrowdStrike Trading Down 0.4 %

The company has a 50-day moving average price of $337.85 and a 200 day moving average price of $324.09. The stock has a market capitalization of $56.14 billion, a P/E ratio of 453.88, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. 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 released its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The firm had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CFO Burt W. Podbere sold 12,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $329.10, for a total transaction of $3,949,200.00. Following the transaction, the chief financial officer now directly owns 308,593 shares in the company, valued at approximately $101,557,956.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other CrowdStrike news, CFO Burt W. Podbere sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $329.10, for a total transaction of $3,949,200.00. Following the sale, the chief financial officer now owns 308,593 shares of the company’s stock, valued at approximately $101,557,956.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was 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 directly owns 204,961 shares of the company’s stock, valued at approximately $68,358,592.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,643 shares of company stock valued at $54,992,604. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Counselors Inc. raised its stake in CrowdStrike by 3.9% during the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after purchasing an additional 50 shares during the period. Burney Co. purchased a new stake in shares of CrowdStrike during the 1st quarter valued at approximately $1,342,000. Turtle Creek Wealth Advisors LLC acquired a new position in CrowdStrike in the fourth quarter valued at approximately $58,000. Saxony Capital Management LLC purchased a new position in CrowdStrike in the fourth quarter worth approximately $1,756,000. Finally, Los Angeles Capital Management LLC increased its stake in CrowdStrike by 5,210.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 124,590 shares of the company’s stock worth $31,810,000 after acquiring an additional 122,244 shares during the last quarter. 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.