CrowdStrike (NASDAQ:CRWD) Shares Down 0.5%

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) were down 0.5% during mid-day trading on Wednesday . The company traded as low as $258.41 and last traded at $265.19. Approximately 1,380,668 shares traded hands during trading, a decline of 75% from the average daily volume of 5,414,627 shares. The stock had previously closed at $266.60.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CRWD shares. Argus lowered their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Thursday, August 29th. TD Cowen dropped their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Truist Financial reaffirmed a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research report on Wednesday, August 28th. Finally, Rosenblatt Securities lowered their target price on shares of CrowdStrike from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $327.16.

CrowdStrike Trading Down 1.1 %

The company’s fifty day simple moving average is $292.42 and its 200-day simple moving average is $316.40. The firm has a market capitalization of $62.41 billion, a PE ratio of 483.83, a P/E/G ratio of 13.44 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the sale, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. In the last 90 days, 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

Several institutional investors have recently made changes to their positions in the company. Burney Co. purchased a new position in shares of CrowdStrike during the 1st quarter worth $1,342,000. Principal Financial Group Inc. boosted its stake in CrowdStrike by 429.2% during the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after buying an additional 242,052 shares during the period. BNP Paribas acquired a new stake in shares of CrowdStrike during the first quarter valued at about $2,685,000. Swedbank AB purchased a new stake in shares of CrowdStrike in the 1st quarter valued at approximately $73,972,000. Finally, Coldstream Capital Management Inc. acquired a new position in shares of CrowdStrike in the 4th quarter worth approximately $508,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.