CrowdStrike (NASDAQ:CRWD) Trading 0.3% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was up 0.3% during trading on Tuesday . The stock traded as high as $267.04 and last traded at $266.66. Approximately 923,596 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 5,357,879 shares. The stock had previously closed at $265.87.

Analyst Ratings Changes

A number of brokerages have issued reports on CRWD. Jefferies Financial Group cut their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Rosenblatt Securities cut their target price on CrowdStrike from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday. KeyCorp lowered their price target on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada cut their price target on CrowdStrike from $420.00 to $380.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.46.

CrowdStrike Trading Up 1.5 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market capitalization of $65.67 billion, a price-to-earnings ratio of 507.58, a PEG ratio of 11.79 and a beta of 1.10. The company’s 50 day moving average is $311.05 and its 200 day moving average is $319.63.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the transaction, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the transaction, the insider now directly owns 200,672 shares in the company, valued at $76,843,328.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. In the last three months, insiders have 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in shares of CrowdStrike in the 2nd quarter valued at about $325,000. Granite Bay Wealth Management LLC acquired a new position in CrowdStrike in the second quarter valued at approximately $5,045,000. HWG Holdings LP bought a new position in CrowdStrike in the second quarter valued at approximately $2,955,000. EP Wealth Advisors LLC grew its holdings in CrowdStrike by 240.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 17,181 shares of the company’s stock worth $6,583,000 after acquiring an additional 12,138 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of CrowdStrike by 2.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 17,024 shares of the company’s stock valued at $6,523,000 after acquiring an additional 383 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.