CrowdStrike (NASDAQ:CRWD) Trading Up 1.7%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares shot up 1.7% during mid-day trading on Wednesday . The stock traded as high as $274.42 and last traded at $271.13. 2,238,128 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 5,396,762 shares. The stock had previously closed at $266.53.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRWD. Robert W. Baird reduced their price objective on shares of CrowdStrike from $350.00 to $335.00 and set an "outperform" rating for the company in a research report on Tuesday, July 23rd. Piper Sandler raised shares of CrowdStrike from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $310.00 to $290.00 in a research note on Tuesday, August 6th. Scotiabank dropped their price objective on shares of CrowdStrike from $300.00 to $265.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 14th. Truist Financial reduced their target price on CrowdStrike from $400.00 to $325.00 and set a "buy" rating for the company in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus dropped their price target on CrowdStrike from $400.00 to $300.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $337.58.

CrowdStrike Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $66.49 billion, a PE ratio of 515.49, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The company's 50 day moving average price is $318.12 and its 200-day moving average price is $320.48.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The firm had revenue of $921.04 million during the quarter, compared to analysts' expectations of $904.82 million. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the sale, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction on Monday, June 17th. The stock was sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the sale, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the firm'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 completion of the transaction, the chief accounting officer now owns 40,645 shares of the company's stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock valued at $48,856,294 over the last quarter. Company insiders own 4.34% of the company's stock.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike during the second quarter valued at $25,000. Hexagon Capital Partners LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at about $26,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of CrowdStrike during the first quarter worth about $30,000. Family Firm Inc. bought a new position in shares of CrowdStrike in the second quarter worth approximately $30,000. Finally, Johnson Financial Group Inc. purchased a new stake in CrowdStrike in the fourth quarter valued at approximately $31,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Company Profile

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.