CrowdStrike (NASDAQ:CRWD) Stock Price Up 2.9%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price shot up 2.9% during mid-day trading on Monday . The stock traded as high as $270.98 and last traded at $270.13. 1,670,727 shares were traded during trading, a decline of 69% from the average session volume of 5,402,316 shares. The stock had previously closed at $262.54.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CRWD shares. Needham & Company LLC dropped their price target on shares of CrowdStrike from $425.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Monday. Piper Sandler upgraded CrowdStrike from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $310.00 to $290.00 in a research report on Tuesday, August 6th. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Finally, Guggenheim cut CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $337.58.

CrowdStrike Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The firm’s 50-day moving average price is $324.93 and its 200 day moving average price is $321.30. The firm has a market capitalization of $64.49 billion, a price-to-earnings ratio of 499.72, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced 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). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, 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 available at this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,219 shares of company stock worth $48,856,294. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the 2nd quarter valued at about $25,000. Hexagon Capital Partners LLC purchased a new position in CrowdStrike in the fourth quarter valued at approximately $26,000. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike during the first quarter valued at approximately $30,000. Family Firm Inc. purchased a new stake in CrowdStrike during the second quarter worth approximately $30,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter worth $31,000. 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.