CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.1% – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 1.1% during trading on Wednesday . The stock traded as high as $315.48 and last traded at $314.43. 700,327 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 5,118,898 shares. The stock had previously closed at $310.94.

Analysts Set New Price Targets

CRWD has been the topic of several research analyst reports. Needham & Company LLC initiated coverage on CrowdStrike in a research note on Monday, September 23rd. They set a “buy” rating and a $360.00 price objective on the stock. Barclays increased their price target on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Truist Financial reiterated a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a research note on Wednesday, August 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $325.00 price target on shares of CrowdStrike in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Price Performance

The business’s fifty day simple moving average is $284.22 and its 200 day simple moving average is $307.74. The firm has a market capitalization of $73.66 billion, a price-to-earnings ratio of 437.25, a PEG ratio of 20.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares of the company’s stock, valued at $263,277,391.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock worth $30,529,413 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the second quarter valued at about $25,000. Oakworth Capital Inc. purchased a new stake in CrowdStrike in the 3rd quarter valued at about $28,000. Tsfg LLC lifted its position in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. Family Firm Inc. purchased a new position in shares of CrowdStrike in the 2nd quarter worth approximately $30,000. Finally, Castleview Partners LLC bought a new position in shares of CrowdStrike in the third quarter valued at approximately $32,000. 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.