CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.7% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 0.7% during trading on Monday . The company traded as high as $317.00 and last traded at $312.18. 843,699 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 5,179,857 shares. The stock had previously closed at $310.15.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Argus decreased their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Evercore ISI lowered their target price on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. lowered their price objective on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Finally, Royal Bank of Canada cut their target price on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Trading Down 0.3 %

The company has a market cap of $75.28 billion, a P/E ratio of 589.02, a PEG ratio of 19.94 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average price of $276.25 and a 200-day moving average price of $308.20.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping 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 8.44% and a net margin of 4.84%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the sale, the director now directly owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated 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 directly owns 179,091 shares in the company, valued at $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock worth $30,529,413 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the business. Burney Co. bought a new stake in shares of CrowdStrike in the first quarter worth $1,342,000. Doliver Advisors LP grew its position in shares of CrowdStrike by 223.2% in the 3rd 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. HWG Holdings LP acquired a new stake in shares of CrowdStrike in the second quarter valued at about $2,955,000. Principal Financial Group Inc. raised its position in shares of CrowdStrike by 429.2% during the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after acquiring an additional 242,052 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its stake in shares of CrowdStrike by 24.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock worth $3,855,000 after acquiring an additional 1,966 shares during the period. 71.16% of the stock is owned by institutional investors.

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.