CrowdStrike (NASDAQ:CRWD) Shares Up 2% – Should You Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares shot up 2% during mid-day trading on Tuesday . The stock traded as high as $308.46 and last traded at $307.33. 745,649 shares changed hands during trading, a decline of 85% from the average session volume of 5,127,078 shares. The stock had previously closed at $301.32.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Evercore ISI reduced their price objective on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Sanford C. Bernstein reduced their price objective on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Tuesday, September 24th. Oppenheimer reduced their price objective on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, TD Cowen reduced their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One research 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Stock Performance

The firm has a market capitalization of $75.36 billion, a P/E ratio of 580.09, a P/E/G ratio of 19.94 and a beta of 1.10. The stock has a fifty day simple moving average of $283.63 and a two-hundred day simple moving average of $307.82. 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during 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%. The firm’s revenue for the quarter 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. On average, research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,212 shares of company stock valued at $30,529,413. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Burney Co. purchased a new position in shares of CrowdStrike during the first quarter valued at approximately $1,342,000. Doliver Advisors LP boosted its position in shares of CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after buying an additional 4,664 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after buying an additional 2,863 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of CrowdStrike by 258.9% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 19,315 shares of the company’s stock valued at $5,417,000 after buying an additional 13,934 shares during the last quarter. Finally, HWG Holdings LP purchased a new position in shares of CrowdStrike during the second quarter valued at approximately $2,955,000. Hedge funds and other 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.