CrowdStrike (NASDAQ:CRWD) Trading Up 0.5%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares rose 0.5% during trading on Thursday . The stock traded as high as $379.78 and last traded at $376.49. Approximately 926,126 shares changed hands during trading, a decline of 77% from the average daily volume of 4,107,645 shares. The stock had previously closed at $374.45.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CRWD. BTIG Research reduced their price target on CrowdStrike from $432.00 to $402.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. JPMorgan Chase & Co. raised their target price on shares of CrowdStrike from $371.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Scotiabank lowered their price target on shares of CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating for the company in a report on Wednesday, June 5th. BMO Capital Markets reduced their price objective on shares of CrowdStrike from $425.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Finally, Morgan Stanley boosted their target price on shares of CrowdStrike from $372.00 to $422.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. 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, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $382.35.

CrowdStrike Stock Performance

The company has a market cap of $90.15 billion, a PE ratio of 710.36, a P/E/G ratio of 19.69 and a beta of 1.10. The stock’s 50-day simple moving average is $355.78 and its 200 day simple moving average is $321.22. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly 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 return on equity of 7.39% and a net margin of 4.01%. The firm had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current year.

Insider Activity at CrowdStrike

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

Institutional Trading of CrowdStrike

Several large investors have recently bought and sold shares of CRWD. CVA Family Office LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $26,000. Hexagon Capital Partners LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $26,000. Silver Oak Securities Incorporated purchased a new position in shares of CrowdStrike during the 3rd quarter worth approximately $27,000. Bear Mountain Capital Inc. acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $27,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.