CrowdStrike (NASDAQ:CRWD) Trading Up 0.2% – Here’s What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 0.2% on Friday . The company traded as high as $350.16 and last traded at $348.23. 1,087,340 shares changed hands during trading, a decline of 78% from the average session volume of 5,000,727 shares. The stock had previously closed at $347.59.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson reissued a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. Citigroup boosted their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler lifted their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company upped their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Raymond James decreased their price target on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Trading Down 0.5 %

The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $84.81 billion, a P/E ratio of 682.82, a price-to-earnings-growth ratio of 25.16 and a beta of 1.10. The business has a fifty day moving average price of $314.88 and a 200 day moving average price of $313.01.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 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 analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. On average, analysts expect that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 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 $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 over the last 90 days. 4.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently bought and sold shares of the business. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike in the 3rd quarter valued at about $28,000. Tsfg LLC grew its position in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. bought a new position in shares of CrowdStrike during the second quarter worth approximately $30,000. Finally, Castleview Partners LLC acquired a new stake in CrowdStrike during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds 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.