CrowdStrike (NASDAQ:CRWD) Trading 2.2% Higher

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 2.2% during trading on Tuesday . The stock traded as high as $245.96 and last traded at $244.50. Approximately 1,407,786 shares traded hands during trading, a decline of 74% from the average daily volume of 5,409,492 shares. The stock had previously closed at $239.34.

Analyst Ratings Changes

Several brokerages recently weighed in on CRWD. FBN Securities upgraded CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. Rosenblatt Securities dropped their target price on shares of CrowdStrike from $420.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Scotiabank cut CrowdStrike from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $393.00 to $300.00 in a report on Monday, July 22nd. BTIG Research downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Finally, Oppenheimer boosted their target price on CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. One 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 given a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $348.61.

CrowdStrike Price Performance

The business has a fifty day moving average price of $331.13 and a 200 day moving average price of $322.41. The company has a market cap of $60.49 billion, a price-to-earnings ratio of 461.32, a PEG ratio of 11.79 and a beta of 1.10. 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 earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company 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, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current year.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $333.52, for a total value of $1,334,080.00. Following the completion of the transaction, the insider now owns 204,961 shares of the company’s stock, valued at approximately $68,358,592.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total value of $1,334,080.00. Following the sale, the insider now owns 204,961 shares of the company’s stock, valued at $68,358,592.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the sale, the director now owns 824,234 shares in the company, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,643 shares of company stock worth $51,043,404. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after buying an additional 315,280 shares during the last quarter. Jennison Associates LLC boosted its position in CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after purchasing an additional 1,581,796 shares during the period. Norges Bank purchased a new stake in CrowdStrike during the 4th quarter worth about $683,336,000. First Trust Advisors LP grew its position in shares of CrowdStrike by 19.3% during the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after purchasing an additional 358,945 shares in the last quarter. Finally, Pathstone Holdings LLC purchased a new stake in CrowdStrike during the fourth quarter valued at about $450,418,000. Institutional investors and hedge funds 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.