CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.3% – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares rose 0.3% on Thursday . The stock traded as high as $351.09 and last traded at $348.84. Approximately 837,871 shares traded hands during trading, a decline of 83% from the average daily volume of 5,022,940 shares. The stock had previously closed at $347.88.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CRWD shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. UBS Group cut their target price on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Piper Sandler reissued an “overweight” rating and set a $290.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Wells Fargo & Company lowered their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Stock Down 0.2 %

The company’s 50 day simple moving average is $294.23 and its 200-day simple moving average is $309.66. The firm has a market cap of $85.14 billion, a P/E ratio of 505.57, a PEG ratio of 23.22 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the business earned $0.06 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. Research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares in the company, valued at approximately $261,745,630.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,248 shares of company stock worth $31,103,350. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike during the second quarter worth $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the third quarter valued at about $28,000. Tsfg LLC raised its holdings in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $30,000. Finally, Castleview Partners LLC bought a new position in shares of CrowdStrike during the third quarter valued at approximately $32,000. 71.16% of the stock is owned by hedge funds and other 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.