CrowdStrike (NASDAQ:CRWD) Trading Up 0.9%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price was up 0.9% during trading on Tuesday . The company traded as high as $272.40 and last traded at $270.12. Approximately 820,966 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 5,302,196 shares. The stock had previously closed at $267.81.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. The Goldman Sachs Group lowered their target price on CrowdStrike from $400.00 to $295.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Stifel Nicolaus dropped their target price on shares of CrowdStrike from $400.00 to $300.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Barclays increased their price target on shares of CrowdStrike from $285.00 to $295.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Rosenblatt Securities dropped their price objective on shares of CrowdStrike from $350.00 to $330.00 and set a "buy" rating on the stock in a report on Monday, August 26th. Finally, Royal Bank of Canada reduced their target price on shares of CrowdStrike from $345.00 to $335.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus price target of $327.16.

CrowdStrike Trading Up 0.3 %

The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market cap of $65.40 billion, a P/E ratio of 507.02, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The business's fifty day simple moving average is $271.34 and its 200 day simple moving average is $312.95.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating 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 business had revenue of $963.87 million for the quarter, compared to analysts' expectations of $958.27 million. During the same period in the prior year, the firm earned $0.06 earnings per share. CrowdStrike's revenue was up 31.7% compared to the same quarter last year. As a group, analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the sale, the chief executive officer now directly owns 1,127,843 shares of the company's stock, valued at $424,576,497.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock worth $48,306,394 over the last 90 days. Insiders own 4.34% of the company's stock.

Institutional Trading of CrowdStrike

Hedge funds have recently modified their holdings of the company. Newbridge Financial Services Group Inc. raised its position in shares of CrowdStrike by 24.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company's stock worth $3,855,000 after purchasing an additional 1,966 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of CrowdStrike during the second quarter worth $15,285,000. NCP Inc. bought a new position in CrowdStrike during the 2nd quarter worth about $115,000. Gordian Capital Singapore Pte Ltd raised its stake in shares of CrowdStrike by 15.8% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 586 shares of the company's stock valued at $225,000 after purchasing an additional 80 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at about $38,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.