CrowdStrike (NASDAQ:CRWD) Shares Up 0.7%

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) traded up 0.7% during mid-day trading on Tuesday . The stock traded as high as $250.31 and last traded at $248.33. 584,656 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 5,376,488 shares. The stock had previously closed at $246.58.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald lowered their price target on shares of CrowdStrike from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Thursday, August 29th. Guggenheim lowered shares of CrowdStrike from a "buy" rating to a "neutral" rating in a research note on Monday, July 22nd. The Goldman Sachs Group lowered their price target on shares of CrowdStrike from $400.00 to $295.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. TD Cowen lowered their price target on shares of CrowdStrike from $400.00 to $380.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Finally, Susquehanna lowered their price target on shares of CrowdStrike from $410.00 to $310.00 and set a "positive" rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $327.16.

CrowdStrike Stock Performance

The stock's fifty day moving average price is $284.03 and its two-hundred day moving average price is $315.04. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $60.29 billion, a P/E ratio of 467.43, a P/E/G ratio of 15.68 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly 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 company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm's quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the company's stock in a transaction that occurred on Friday, June 21st. The shares were 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 directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the company's stock in a transaction that occurred on Friday, June 21st. The shares were 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 directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares of the company's stock, valued at $46,563,660. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock valued at $48,856,294 in the last quarter. Insiders own 4.34% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently modified their holdings of CRWD. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the second quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike during the first quarter worth $30,000. Family Firm Inc. bought a new position in CrowdStrike during the second quarter worth $30,000. Johnson Financial Group Inc. bought a new position in CrowdStrike during the fourth quarter worth $31,000. Finally, Northwest Bank & Trust Co bought a new position in CrowdStrike during the fourth quarter worth $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.