CrowdStrike Sees Unusually High Options Volume (NASDAQ:CRWD)

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) saw some unusual options trading on Wednesday. Stock traders purchased 67,384 call options on the company. This is an increase of 33% compared to the average daily volume of 50,694 call options.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRWD. Piper Sandler downgraded CrowdStrike from an “overweight” rating to a “neutral” rating and set a $400.00 price objective on the stock. in a research note on Tuesday, July 2nd. Oppenheimer boosted their target price on CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, June 5th. FBN Securities raised CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Scotiabank decreased their price objective on CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating for the company in a report on Wednesday, June 5th. Finally, Mizuho reduced their target price on CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Two equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $382.35.

Insider Activity

In other news, CEO George Kurtz sold 56,279 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the completion of the sale, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the transaction, the chief executive officer now owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now owns 208,961 shares in the company, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock valued at $76,681,402 over the last three months. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several institutional investors have recently modified their holdings of the stock. Saturna Capital Corp boosted its position in CrowdStrike by 2.7% during the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock worth $408,000 after acquiring an additional 33 shares during the last quarter. Shepherd Financial Partners LLC raised its stake in CrowdStrike by 1.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after purchasing an additional 36 shares during the period. Cigna Investments Inc. New raised its stake in shares of CrowdStrike by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after acquiring an additional 38 shares during the period. Venturi Wealth Management LLC raised its stake in shares of CrowdStrike by 2.2% in the 1st quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock valued at $582,000 after acquiring an additional 39 shares during the period. Finally, Albion Financial Group UT increased its stake in CrowdStrike by 3.7% during the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock worth $351,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded down $11.49 during trading on Wednesday, hitting $374.39. 5,104,962 shares of the company’s stock were exchanged, compared to its average volume of 4,126,422. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The business has a 50-day simple moving average of $354.20 and a 200-day simple moving average of $320.84. CrowdStrike has a 52-week low of $140.52 and a 52-week high of $398.33. The stock has a market capitalization of $91.11 billion, a price-to-earnings ratio of 700.89, a PEG ratio of 19.69 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. On average, research analysts forecast that CrowdStrike will post 0.9 EPS for the current year.

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.