CrowdStrike (NASDAQ:CRWD) Shares Up 1.1%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares rose 1.1% during mid-day trading on Thursday . The stock traded as high as $257.06 and last traded at $256.20. Approximately 567,235 shares traded hands during trading, a decline of 89% from the average daily volume of 5,342,936 shares. The stock had previously closed at $253.53.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CRWD shares. Raymond James lowered their price objective on CrowdStrike from $380.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. Hsbc Global Res upgraded shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 30th. Evercore ISI cut their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an "outperform" rating on the stock in a report on Tuesday, July 30th. Canaccord Genuity Group dropped their target price on shares of CrowdStrike from $340.00 to $330.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Finally, Barclays raised their price target on CrowdStrike from $285.00 to $295.00 and gave the stock an "overweight" rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $327.16.

CrowdStrike Trading Up 1.4 %

The business's 50 day simple moving average is $278.75 and its 200 day simple moving average is $314.21. The stock has a market cap of $62.57 billion, a price-to-earnings ratio of 485.09, a PEG ratio of 15.68 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 4.84% and a return on equity of 8.44%. CrowdStrike's revenue was up 31.7% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now directly owns 18,297 shares of the company's stock, valued at $7,136,012.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Roxanne S. Austin sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now owns 18,297 shares of the company's stock, valued at $7,136,012.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 55,587 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the transaction, the chief executive officer now owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company's stock worth $5,149,124,000 after buying an additional 315,280 shares in the last quarter. Norges Bank acquired a new stake in shares of CrowdStrike during the 4th quarter worth $683,336,000. First Trust Advisors LP increased its position in shares of CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company's stock worth $565,461,000 after purchasing an additional 358,945 shares during the period. Legal & General Group Plc raised its stake in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company's stock valued at $785,425,000 after purchasing an additional 60,607 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company's stock worth $696,471,000 after purchasing an additional 77,100 shares during the period. 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.