CrowdStrike (NASDAQ:CRWD) Trading 1.9% Higher

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 1.9% on Tuesday . The company traded as high as $273.35 and last traded at $268.83. 13,895,217 shares changed hands during trading, an increase of 192% from the average session volume of 4,762,904 shares. The stock had previously closed at $263.91.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of research reports. Morgan Stanley lowered their target price on CrowdStrike from $422.00 to $396.00 and set an “overweight” rating for the company in a research note on Monday. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Friday, June 21st. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and lowered their price target for the company from $388.00 to $302.00 in a report on Tuesday. Finally, Piper Sandler reduced their price objective on CrowdStrike from $400.00 to $310.00 and set a “neutral” rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $364.95.

CrowdStrike Stock Up 3.1 %

The firm has a market capitalization of $66.20 billion, a P/E ratio of 514.46, a PEG ratio of 15.37 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. The firm’s 50-day moving average is $360.57 and its 200 day moving average is $326.86.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly 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). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The firm had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 56,279 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the transaction, the chief executive officer now owns 1,146,048 shares in the company, valued at $348,868,471.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Kurtz sold 56,279 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value of $17,131,890.39. Following the transaction, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The disclosure for this sale can be found here. Insiders sold 219,675 shares of company stock valued at $76,931,522 in the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. CVA Family Office LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at $26,000. Hexagon Capital Partners LLC acquired a new stake in CrowdStrike in the fourth quarter valued at $26,000. Bear Mountain Capital Inc. bought a new position in shares of CrowdStrike in the 4th quarter valued at about $27,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth about $30,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $31,000. 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.