CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.2% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price rose 1.2% on Tuesday . The company traded as high as $351.95 and last traded at $350.90. Approximately 939,996 shares changed hands during trading, a decline of 81% from the average daily volume of 4,990,642 shares. The stock had previously closed at $346.80.

Analysts Set New Price Targets

A number of analysts have issued reports on CRWD shares. DA Davidson reissued a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. Jefferies Financial Group raised their target price on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. BMO Capital Markets boosted their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Argus lowered their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, KeyCorp increased their target price on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Price Performance

The company has a market cap of $85.91 billion, a price-to-earnings ratio of 688.05, a PEG ratio of 20.26 and a beta of 1.11. The company has a 50-day simple moving average of $315.80 and a 200-day simple moving average of $312.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.90 and a current ratio of 1.86.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $982.80 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The firm’s revenue was up 28.5% on a year-over-year basis. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 0.5 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 138,248 shares of company stock valued at $42,933,010. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRWD. Tri Ri Asset Management Corp purchased a new position in shares of CrowdStrike during the third quarter valued at approximately $5,456,000. Peapack Gladstone Financial Corp acquired a new position in CrowdStrike in the 3rd quarter valued at $497,000. Tidal Investments LLC boosted its holdings in shares of CrowdStrike by 7.5% during the third quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock worth $6,959,000 after purchasing an additional 1,740 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in CrowdStrike in the 3rd quarter worth about $1,319,000. Finally, World Investment Advisors LLC grew its holdings in CrowdStrike by 24.7% in the third quarter. World Investment Advisors LLC now owns 2,514 shares of the company’s stock valued at $705,000 after purchasing an additional 498 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.