Investors Buy Large Volume of CrowdStrike Call Options (NASDAQ:CRWD)

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was the target of some unusual options trading activity on Friday. Stock traders purchased 137,767 call options on the company. This represents an increase of approximately 39% compared to the average volume of 99,014 call options.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 8,077 shares of CrowdStrike stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $374.99, for a total transaction of $3,028,794.23. Following the transaction, the insider now directly owns 187,091 shares in the company, valued at approximately $70,157,254.09. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Shawn Henry sold 8,077 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $374.99, for a total value of $3,028,794.23. Following the completion of the sale, the insider now directly owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares in the company, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders have sold 45,577 shares of company stock worth $16,330,609 over the last 90 days. 4.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike during the 2nd quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at $30,000. Itau Unibanco Holding S.A. bought a new stake in shares of CrowdStrike in the 2nd quarter worth about $33,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth about $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike during the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CRWD shares. Royal Bank of Canada decreased 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. Redburn Atlantic cut CrowdStrike from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. KeyCorp dropped their target price on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Raymond James reduced their price target on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, The Goldman Sachs Group dropped their price objective on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $327.03.

CrowdStrike Stock Up 8.1 %

CRWD stock opened at $299.85 on Friday. CrowdStrike has a twelve month low of $157.59 and a twelve month high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market cap of $72.97 billion, a PE ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The business’s 50-day simple moving average is $265.90 and its 200 day simple moving average is $312.40.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 EPS. On average, research analysts anticipate that CrowdStrike will post 0.56 earnings per share 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.