CrowdStrike (NASDAQ:CRWD) Shares Down 1.1%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares were down 1.1% on Tuesday . The stock traded as low as $273.50 and last traded at $274.30. Approximately 1,520,489 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 5,414,931 shares. The stock had previously closed at $277.28.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Truist Financial restated a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a research note on Wednesday, August 28th. Evercore ISI cut their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. BTIG Research lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday. Finally, Barclays upped their target price on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $329.47.

CrowdStrike Stock Performance

The firm has a fifty day moving average of $299.86 and a 200-day moving average of $317.67. The firm has a market cap of $65.24 billion, a P/E ratio of 517.56, a PEG ratio of 13.44 and a beta of 1.10. The company has a quick ratio of 1.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 earnings per share. Research analysts predict that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the transaction, the chief executive officer now owns 1,127,843 shares in the company, valued at $424,576,497.35. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock worth $48,856,294 over the last 90 days. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the second quarter worth about $25,000. Family Firm Inc. bought a new position in CrowdStrike during the second quarter worth about $30,000. Itau Unibanco Holding S.A. bought a new position in CrowdStrike during the second quarter worth about $33,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike during the second quarter worth about $36,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike during the first quarter worth about $30,000. 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.