CrowdStrike (NASDAQ:CRWD) Trading Up 0.7% – Here’s Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded up 0.7% during mid-day trading on Wednesday . The company traded as high as $297.94 and last traded at $295.12. 659,920 shares were traded during trading, a decline of 87% from the average session volume of 5,226,781 shares. The stock had previously closed at $293.01.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and upped their price target for the company from $302.00 to $339.00 in a report on Friday, August 30th. Raymond James lowered their target price on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Morgan Stanley reissued an “overweight” rating and issued a $325.00 target price on shares of CrowdStrike in a report on Monday, September 9th. Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Finally, Citigroup lowered their target price on CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $325.44.

CrowdStrike Trading Up 0.0 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market cap of $77.20 billion, a PE ratio of 456.41, a PEG ratio of 19.94 and a beta of 1.10. The stock has a fifty day moving average price of $266.73 and a 200 day moving average price of $308.90.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the company earned $0.06 EPS. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike 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 completion of the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were 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 in the company, valued at $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 96,962 shares of company stock valued at $28,774,798. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CRWD. Bridgefront Capital LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at $362,000. Biltmore Family Office LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at $264,000. Brandywine Managers LLC increased its holdings in shares of CrowdStrike by 4.2% in the 4th quarter. Brandywine Managers LLC now owns 29,874 shares of the company’s stock valued at $7,627,000 after acquiring an additional 1,194 shares during the period. Gilder Gagnon Howe & Co. LLC grew its stake in CrowdStrike by 9.9% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 230,599 shares of the company’s stock worth $58,877,000 after buying an additional 20,817 shares during the last quarter. Finally, Flight Deck Capital LP purchased a new position in CrowdStrike during the 4th quarter worth $5,106,000. 71.16% of the stock is currently 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.