CrowdStrike (NASDAQ:CRWD) Trading Up 4.7%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price shot up 4.7% on Thursday . The stock traded as high as $279.74 and last traded at $279.74. 1,597,172 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 5,280,791 shares. The stock had previously closed at $267.12.

Analyst Ratings Changes

A number of research firms recently issued reports on CRWD. FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. Wedbush reissued an “outperform” rating and set a $315.00 price objective on shares of CrowdStrike in a research report on Friday, August 9th. TD Cowen decreased their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. cut their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Finally, KeyCorp decreased their price objective on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $327.03.

CrowdStrike Price Performance

The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average is $265.90 and its 200 day moving average is $312.29. The company has a market cap of $72.97 billion, a P/E ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for 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 business’s revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the business’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 sale, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The stock was 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 directly owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the sale, the director now directly owns 824,234 shares in the company, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders sold 45,577 shares of company stock worth $16,330,609 over the last quarter. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arlington Financial Advisors LLC grew its position in shares of CrowdStrike by 1.5% during the 2nd 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 in the last quarter. Saturna Capital Corp boosted its position in shares of CrowdStrike by 2.7% during the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after acquiring an additional 33 shares during the last quarter. Means Investment CO. Inc. grew its holdings in shares of CrowdStrike by 1.8% during the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after purchasing an additional 35 shares in the last quarter. Shepherd Financial Partners LLC increased its position in shares of CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after purchasing an additional 36 shares during the last quarter. Finally, Albion Financial Group UT raised its stake in CrowdStrike by 3.7% in the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

About CrowdStrike

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.