CrowdStrike (NASDAQ:CRWD) Shares Up 1.5% – Time to Buy?

CrowdStrike (NASDAQ:CRWD) shares shot up 1.5% during trading on Thursday . The stock traded as high as $424.00 and last traded at $422.14. 1,994,595 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 3,097,971 shares. The stock had previously closed at $415.76.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several analyst reports. Evercore lifted their target price on CrowdStrike from $430.00 to $460.00 and gave the company an “in-line” rating in a research note on Wednesday, December 3rd. Morgan Stanley increased their target price on shares of CrowdStrike from $515.00 to $537.00 and gave the company an “equal weight” rating in a research report on Thursday, December 18th. The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $535.00 to $564.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Rosenblatt Securities decreased their price objective on CrowdStrike from $630.00 to $555.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Arete Research set a $706.00 target price on CrowdStrike in a research note on Tuesday, October 28th. Thirty investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $550.09.

CrowdStrike Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a fifty day simple moving average of $454.68 and a 200-day simple moving average of $472.59. The company has a market capitalization of $106.42 billion, a price-to-earnings ratio of -335.03, a P/E/G ratio of 23.71 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business posted $0.93 EPS. The business’s revenue was up 21.8% compared to the same quarter last year. On average, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In other news, Director Denis Oleary sold 7,750 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $515.44, for a total transaction of $3,994,660.00. Following the completion of the transaction, the director directly owned 10,816 shares of the company’s stock, valued at $5,574,999.04. This represents a 41.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 28,853 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the transaction, the chief executive officer owned 2,054,902 shares of the company’s stock, valued at $848,695,075.02. This represents a 1.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,247 shares of company stock worth $45,722,274 in the last ninety days. 3.32% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of CRWD. Advyzon Investment Management LLC increased its holdings in shares of CrowdStrike by 142.9% during the 2nd quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock worth $461,000 after purchasing an additional 533 shares during the period. Carnegie Investment Counsel increased its stake in CrowdStrike by 6.7% during the third quarter. Carnegie Investment Counsel now owns 22,601 shares of the company’s stock valued at $11,083,000 after acquiring an additional 1,428 shares during the period. Silver Oak Securities Incorporated increased its stake in CrowdStrike by 394.8% during the third quarter. Silver Oak Securities Incorporated now owns 2,954 shares of the company’s stock valued at $1,449,000 after acquiring an additional 2,357 shares during the period. Traynor Capital Management Inc. raised its holdings in CrowdStrike by 10.9% in the 3rd quarter. Traynor Capital Management Inc. now owns 53,117 shares of the company’s stock valued at $26,047,000 after acquiring an additional 5,205 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of CrowdStrike by 7.3% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 22,253 shares of the company’s stock worth $10,912,000 after acquiring an additional 1,512 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.