CrowdStrike (NASDAQ:CRWD) Shares Up 2% – Should You Buy?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 2% on Tuesday . The stock traded as high as $308.46 and last traded at $307.33. 745,649 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 5,127,078 shares. The stock had previously closed at $301.32.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CRWD. Piper Sandler reissued an “overweight” rating and issued a $290.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. BNP Paribas began coverage on CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price objective on the stock. Stifel Nicolaus cut their price objective on CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Redburn Atlantic cut CrowdStrike from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. Finally, Argus cut their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Stock Performance

The company has a 50-day moving average of $283.63 and a 200 day moving average of $307.82. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $75.36 billion, a PE ratio of 580.09, a PEG ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping 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 business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the previous year, the business earned $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now directly owns 821,766 shares in the company, valued at approximately $263,277,391.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares in the company, valued at $263,277,391.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,212 shares of company stock worth $30,529,413 over the last ninety days. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of CRWD. Valeo Financial Advisors LLC grew its position in shares of CrowdStrike by 2.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 3,367 shares of the company’s stock worth $1,080,000 after buying an additional 68 shares during the period. Norden Group LLC purchased a new stake in shares of CrowdStrike in the 1st quarter worth about $3,736,000. First Trust Direct Indexing L.P. grew its position in shares of CrowdStrike by 10.4% in the 1st quarter. First Trust Direct Indexing L.P. now owns 3,182 shares of the company’s stock worth $1,020,000 after buying an additional 300 shares during the period. Ashton Thomas Private Wealth LLC grew its position in CrowdStrike by 1.1% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 11,322 shares of the company’s stock valued at $3,630,000 after purchasing an additional 120 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in CrowdStrike by 350.8% during the 1st quarter. Van ECK Associates Corp now owns 12,087 shares of the company’s stock valued at $3,875,000 after purchasing an additional 9,406 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.