CrowdStrike (NASDAQ:CRWD) Trading Down 2%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 2% during trading on Wednesday . The company traded as low as $242.25 and last traded at $242.77. Approximately 764,836 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 5,358,503 shares. The stock had previously closed at $247.74.

Wall Street Analysts Forecast Growth

Several analysts have commented on CRWD shares. The Goldman Sachs Group decreased their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Canaccord Genuity Group lowered their price target on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Thursday, August 29th. Finally, Rosenblatt Securities dropped their target price on CrowdStrike from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $327.16.

CrowdStrike Stock Up 1.4 %

The business has a 50-day simple moving average of $278.75 and a 200-day simple moving average of $314.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $63.02 billion, a price-to-earnings ratio of 485.10, a price-to-earnings-growth 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 for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue was up 31.7% compared to the same quarter last year. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the transaction, the director now owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,219 shares of company stock worth $48,856,294. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of large investors have recently bought and sold shares of the business. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the second quarter worth about $25,000. Family Firm Inc. acquired a new stake in CrowdStrike during the 2nd quarter worth approximately $30,000. Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike during the second quarter worth $33,000. Unique Wealth Strategies LLC acquired a new position in CrowdStrike in the 2nd quarter valued at $36,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike in the 1st quarter worth $30,000. 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.