CrowdStrike (NASDAQ:CRWD) Trading 0.4% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded up 0.4% on Friday . The company traded as high as $374.49 and last traded at $372.02. 713,320 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 4,097,780 shares. The stock had previously closed at $370.43.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRWD. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Friday, June 21st. Piper Sandler cut CrowdStrike from an “overweight” rating to a “neutral” rating and set a $400.00 price objective for the company. in a research report on Tuesday, July 2nd. DA Davidson cut their price objective on CrowdStrike from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Wedbush lowered their price target on CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Finally, Mizuho lowered their price target on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Two analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $382.35.

CrowdStrike Stock Performance

The stock has a 50 day moving average price of $357.12 and a two-hundred day moving average price of $321.56. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The company has a market cap of $90.55 billion, a price-to-earnings ratio of 701.94, a P/E/G ratio of 18.87 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Analysts predict that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current year.

Insiders Place Their Bets

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the transaction, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the sale, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 219,675 shares of company stock worth $76,681,402. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after acquiring an additional 315,280 shares during the last quarter. Jennison Associates LLC increased its position in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after acquiring an additional 1,581,796 shares during the last quarter. Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $683,336,000. First Trust Advisors LP increased its position in shares of CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after acquiring an additional 358,945 shares during the last quarter. Finally, Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $450,418,000. 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.