CrowdStrike (NASDAQ:CRWD) Trading Down 0.7%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 0.7% on Monday . The company traded as low as $244.29 and last traded at $244.68. 975,247 shares changed hands during trading, a decline of 82% from the average session volume of 5,391,337 shares. The stock had previously closed at $246.39.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CRWD shares. Wells Fargo & Company dropped their price target on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Sanford C. Bernstein dropped their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Truist Financial restated a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a report on Wednesday, August 28th. Cantor Fitzgerald dropped their price target on shares of CrowdStrike from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Finally, Barclays raised their price objective on shares of 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 given a strong buy rating to the stock. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $327.16.

CrowdStrike Price Performance

The stock has a 50 day simple moving average of $284.03 and a 200-day simple moving average of $315.04. The firm has a market cap of $61.70 billion, a PE ratio of 479.04, a price-to-earnings-growth ratio of 15.68 and a beta of 1.09. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its 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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. Equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the completion of the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,219 shares of company stock worth $48,856,294. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently bought and sold shares of the business. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the 2nd quarter worth about $25,000. Family Firm Inc. purchased a new position in CrowdStrike in the second quarter worth about $30,000. Itau Unibanco Holding S.A. bought a new stake in CrowdStrike during the second quarter worth approximately $33,000. Unique Wealth Strategies LLC purchased a new stake in CrowdStrike during the second quarter valued at approximately $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at approximately $30,000. 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.