CrowdStrike (NASDAQ:CRWD) Shares Up 2.2%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price rose 2.2% during trading on Monday . The stock traded as high as $268.09 and last traded at $264.82. Approximately 1,056,589 shares were traded during trading, a decline of 80% from the average daily volume of 5,312,529 shares. The stock had previously closed at $259.13.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Redburn Atlantic cut shares of CrowdStrike from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $380.00 to $275.00 in a report on Thursday, July 18th. Stifel Nicolaus lowered their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Argus decreased their target price on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Piper Sandler raised CrowdStrike from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $310.00 to $290.00 in a research report on Tuesday, August 6th. Finally, TD Cowen decreased their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $327.16.

CrowdStrike Price Performance

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 business’s 50 day moving average is $276.14 and its two-hundred day moving average is $313.67. The firm has a market cap of $65.57 billion, a P/E ratio of 499.66, a P/E/G ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the sale, the president now owns 411,166 shares in the company, valued at approximately $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction 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 $15,470,706.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,719 shares of company stock worth $47,133,109. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently added to or reduced their stakes in the company. Burney Co. bought a new stake in shares of CrowdStrike in the 1st quarter worth approximately $1,342,000. Principal Financial Group Inc. increased its holdings in shares of CrowdStrike by 429.2% in the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after buying an additional 242,052 shares during the period. BNP Paribas bought a new stake in shares of CrowdStrike in the 1st quarter valued at about $2,685,000. Swedbank AB purchased a new stake in CrowdStrike during the 1st quarter valued at about $73,972,000. Finally, Coldstream Capital Management Inc. bought a new position in CrowdStrike during the 4th quarter worth approximately $508,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.