CrowdStrike (NASDAQ:CRWD) Trading Up 0.4%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price traded up 0.4% during mid-day trading on Wednesday . The company traded as high as $236.91 and last traded at $234.63. 3,834,916 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 5,219,644 shares. The stock had previously closed at $233.65.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CRWD shares. Morgan Stanley lowered their price target on shares of CrowdStrike from $396.00 to $360.00 and set an “overweight” rating for the company in a research report on Monday. Oppenheimer raised their price target on shares of CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. Needham & Company LLC dropped their price target on shares of CrowdStrike from $425.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, KeyCorp decreased their target price on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $351.76.

CrowdStrike Price Performance

The stock has a market capitalization of $56.45 billion, a price-to-earnings ratio of 442.71, a PEG ratio of 13.23 and a beta of 1.10. The company has a 50 day moving average of $350.05 and a 200 day moving average of $326.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The business had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. As a group, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.89 EPS for the current year.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the transaction, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the sale, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The disclosure for this sale can be found here. In the last three months, insiders sold 219,675 shares of company stock valued at $76,931,522. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew 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 purchasing an additional 315,280 shares in the last quarter. Jennison Associates LLC increased its holdings in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares during the last quarter. Norges Bank acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $683,336,000. First Trust Advisors LP grew its position in CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after acquiring an additional 358,945 shares in the last quarter. Finally, Pathstone Holdings LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth $450,418,000. 71.16% of the stock is currently 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.