CrowdStrike (NASDAQ:CRWD) Trading 0.4% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded up 0.4% during trading on Friday . The company traded as high as $374.49 and last traded at $372.02. 713,320 shares traded hands during trading, a decline of 83% from the average session volume of 4,097,780 shares. The stock had previously closed at $370.43.

Analyst Ratings Changes

Several brokerages have recently issued reports on CRWD. JPMorgan Chase & Co. boosted their price target on shares of CrowdStrike from $371.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Morgan Stanley boosted their price objective on shares of CrowdStrike from $372.00 to $422.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Guggenheim reaffirmed a “buy” rating and issued a $424.00 price objective on shares of CrowdStrike in a research report on Tuesday, June 25th. Piper Sandler cut shares of CrowdStrike from an “overweight” rating to a “neutral” rating and set a $400.00 price objective on the stock. in a research report on Tuesday, July 2nd. Finally, FBN Securities raised shares of CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. Two investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $382.35.

CrowdStrike Stock Performance

The stock’s 50-day simple moving average is $358.34 and its 200-day simple moving average is $322.81. The stock has a market cap of $90.36 billion, a price-to-earnings ratio of 700.62, a price-to-earnings-growth ratio of 18.67 and a beta of 1.10. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last announced 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 analyst estimates of $904.82 million. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the sale, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Insiders have sold a total of 219,675 shares of company stock worth $76,681,402 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of institutional investors and hedge funds have recently made changes to their positions in CRWD. CVA Family Office LLC bought a new position in CrowdStrike in the 4th quarter valued at approximately $26,000. Hexagon Capital Partners LLC bought a new position in CrowdStrike in the 4th quarter valued at approximately $26,000. Bear Mountain Capital Inc. bought a new position in CrowdStrike in the 4th quarter valued at approximately $27,000. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the 1st quarter valued at approximately $30,000. Finally, Johnson Financial Group Inc. bought a new position in CrowdStrike in the 4th quarter valued at approximately $31,000. 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.