CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.1% – What’s Next?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 1.1% during mid-day trading on Wednesday . The company traded as high as $315.48 and last traded at $314.43. Approximately 700,327 shares were traded during trading, a decline of 86% from the average daily volume of 5,118,898 shares. The stock had previously closed at $310.94.

Wall Street Analysts Forecast Growth

Several analysts have commented on CRWD shares. Jefferies Financial Group lifted their target price on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. BTIG Research downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Argus dropped their target price on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $380.00 to $275.00 in a report on Thursday, July 18th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Trading Down 0.6 %

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 company has a market capitalization of $75.78 billion, a price-to-earnings ratio of 593.26, a P/E/G ratio of 19.94 and a beta of 1.10. The business’s 50-day simple moving average is $282.95 and its 200-day simple moving average is $307.82.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 firm 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 EPS. The business’s revenue was up 31.7% on a year-over-year basis. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,212 shares of company stock valued at $30,529,413. 4.34% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Institutional investors have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike in the 2nd quarter worth about $25,000. Family Firm Inc. purchased a new position in shares of CrowdStrike in the 2nd quarter valued at approximately $30,000. Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike in the 2nd quarter worth about $33,000. Unique Wealth Strategies LLC purchased a new position in shares of CrowdStrike during the second quarter valued at approximately $36,000. Finally, Hobbs Group Advisors LLC purchased a new position in CrowdStrike during the second quarter valued at $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.