CrowdStrike (NASDAQ:CRWD) Shares Down 0.9%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares were down 0.9% during trading on Friday . The stock traded as low as $251.26 and last traded at $251.81. Approximately 3,569,243 shares were traded during trading, a decline of 29% from the average daily volume of 4,997,749 shares. The stock had previously closed at $254.15.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRWD. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. Piper Sandler reduced their target price on shares of CrowdStrike from $400.00 to $310.00 and set a “neutral” rating for the company in a report on Monday. FBN Securities raised CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. BMO Capital Markets decreased their price target on CrowdStrike from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Finally, KeyCorp dropped their price objective on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $359.16.

CrowdStrike Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The business has a fifty day moving average of $355.96 and a 200-day moving average of $326.03. The stock has a market capitalization of $62.40 billion, a price-to-earnings ratio of 475.12, a price-to-earnings-growth ratio of 13.10 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $904.82 million. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the transaction, the insider now directly owns 183,091 shares in the company, valued at approximately $67,985,350.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,675 shares of company stock valued at $76,931,522. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in CrowdStrike in the 4th quarter worth approximately $683,336,000. Pathstone Holdings LLC bought a new position in CrowdStrike in the fourth quarter worth $450,418,000. Jennison Associates LLC increased its holdings in CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares during the period. Vanguard Group Inc. increased its holdings in shares of CrowdStrike by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after buying an additional 1,028,405 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of CrowdStrike by 22,542.6% in the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after acquiring an additional 731,057 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.