CrowdStrike (NASDAQ:CRWD) Trading 1.1% Higher

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) rose 1.1% on Friday . The stock traded as high as $259.99 and last traded at $259.92. Approximately 398,047 shares traded hands during trading, a decline of 93% from the average daily volume of 5,326,767 shares. The stock had previously closed at $257.10.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRWD. Stifel Nicolaus lowered their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Guggenheim downgraded shares of CrowdStrike from a "buy" rating to a "neutral" rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of CrowdStrike from $350.00 to $275.00 and set a "hold" rating for the company in a research report on Monday, August 26th. Cantor Fitzgerald decreased their target price on shares of CrowdStrike from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Thursday, August 29th. Finally, Susquehanna decreased their target price on shares of CrowdStrike from $410.00 to $310.00 and set a "positive" rating for the company in a research report on Thursday, September 5th. One research 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $327.16.

CrowdStrike Trading Up 0.8 %

The company's 50 day simple moving average is $276.14 and its two-hundred day simple moving average is $313.78. The stock has a market cap of $63.06 billion, a price-to-earnings ratio of 488.92, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the prior year, the business posted $0.06 EPS. CrowdStrike's quarterly revenue was up 31.7% on a year-over-year basis. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction on Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the transaction, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, President Michael Sentonas sold 10,735 shares of the firm's stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the transaction, the president now directly owns 411,166 shares in the company, valued at approximately $156,502,114.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock worth $48,856,294 in the last 90 days. 4.34% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike in the 2nd quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new stake in CrowdStrike in the 1st quarter valued at $30,000. Family Firm Inc. bought a new stake in CrowdStrike in the 2nd quarter valued at $30,000. Johnson Financial Group Inc. bought a new stake in CrowdStrike in the 4th quarter valued at $31,000. Finally, Northwest Bank & Trust Co bought a new stake in CrowdStrike in the 4th quarter valued at $32,000. 71.16% of the stock is owned by 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.