CrowdStrike (NASDAQ:CRWD) Trading 2.3% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price rose 2.3% during mid-day trading on Monday . The stock traded as high as $265.50 and last traded at $262.06. Approximately 5,011,759 shares traded hands during trading, a decline of 1% from the average daily volume of 5,039,557 shares. The stock had previously closed at $256.16.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CRWD. Oppenheimer increased their price target on CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, June 5th. JMP Securities reissued a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Tuesday, May 14th. DA Davidson cut their price target on CrowdStrike from $425.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Mizuho cut 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. Finally, Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $354.39.

CrowdStrike Price Performance

The company’s 50-day simple moving average is $350.05 and its 200-day simple moving average is $326.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market capitalization of $56.86 billion, a price-to-earnings ratio of 440.86, a P/E/G ratio of 13.23 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Research analysts forecast that CrowdStrike Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO George Kurtz sold 56,279 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the transaction, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. 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 stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, 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. Insiders sold 219,675 shares of company stock worth $76,931,522 over the last three months. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CRWD. Vanguard Group Inc. increased its stake in 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 stake in 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 bought a new position in CrowdStrike in the fourth quarter valued at approximately $683,336,000. First Trust Advisors LP increased its stake in 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 bought a new position in CrowdStrike in the fourth quarter valued at approximately $450,418,000. 71.16% of the stock is owned by institutional investors.

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.