CrowdStrike (NASDAQ:CRWD) Trading 1.4% Higher – What’s Next?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 1.4% during mid-day trading on Monday . The company traded as high as $337.37 and last traded at $334.65. 739,227 shares changed hands during trading, a decline of 85% from the average session volume of 5,040,244 shares. The stock had previously closed at $330.03.

Analyst Ratings Changes

A number of analysts have weighed in on CRWD shares. DA Davidson reiterated a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research note on Wednesday, September 18th. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and lifted their price target for the company from $302.00 to $339.00 in a research note on Friday, August 30th. BNP Paribas initiated coverage on CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Finally, Wells Fargo & Company decreased their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Stock Performance

The business’s 50-day simple moving average is $292.46 and its two-hundred day simple moving average is $309.39. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap of $85.28 billion, a price-to-earnings ratio of 519.74, a P/E/G ratio of 23.22 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 earnings per share. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 10,776 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the sale, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the sale, the president now owns 400,390 shares of the company’s stock, valued at $119,027,939.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,248 shares of company stock worth $32,143,350. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the stock. Arlington Financial Advisors LLC boosted its stake in shares of CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after purchasing an additional 30 shares during the period. Saturna Capital Corp boosted its position in CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after buying an additional 33 shares during the period. Sunpointe LLC grew its stake in shares of CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after acquiring an additional 34 shares in the last quarter. Means Investment CO. Inc. raised its stake in shares of CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after acquiring an additional 35 shares in the last quarter. Finally, Interchange Capital Partners LLC boosted its holdings in CrowdStrike by 1.1% in the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after purchasing an additional 39 shares during the period. 71.16% of the stock is currently owned by hedge funds and other 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.