CrowdStrike (NASDAQ:CRWD) Stock Price Up 2.2%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price shot up 2.2% during trading on Monday . The stock traded as high as $268.09 and last traded at $264.82. 1,056,589 shares changed hands during trading, a decline of 80% from the average session volume of 5,312,529 shares. The stock had previously closed at $259.13.

Analysts Set New Price Targets

Several research firms have commented on CRWD. Jefferies Financial Group lowered their target price on shares of CrowdStrike from $400.00 to $300.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. 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. The Goldman Sachs Group lowered their target price 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. Canaccord Genuity Group lowered their target price on shares of CrowdStrike from $340.00 to $330.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Finally, Truist Financial restated a "buy" rating and set a $325.00 price objective on shares of CrowdStrike in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $327.16.

CrowdStrike Stock Performance

The stock has a market cap of $65.17 billion, a P/E ratio of 505.30, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The firm's 50-day moving average is $273.68 and its two-hundred day moving average is $313.28. 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 quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on 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 transaction, the insider now owns 179,091 shares of the company's stock, valued at $46,563,660. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Sameer K. Gandhi sold 15,000 shares of the business's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the transaction, the director now owns 824,234 shares of the company's stock, valued at $313,382,009.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The disclosure for this sale can be found here. Insiders have sold a total of 125,719 shares of company stock valued at $47,133,109 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the second quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the first quarter worth $30,000. Family Firm Inc. acquired a new stake in CrowdStrike during the second quarter worth $30,000. Johnson Financial Group Inc. acquired a new stake in CrowdStrike during the fourth quarter worth $31,000. Finally, Northwest Bank & Trust Co acquired a new stake in CrowdStrike during the fourth quarter worth $32,000. 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.