CrowdStrike (NASDAQ:CRWD) Trading Up 3.3% – Time to Buy?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 3.3% during mid-day trading on Wednesday . The company traded as high as $356.21 and last traded at $354.69. 1,414,039 shares were traded during trading, a decline of 72% from the average session volume of 5,026,479 shares. The stock had previously closed at $343.50.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRWD. Needham & Company LLC began coverage on shares of CrowdStrike in a research report on Monday, September 23rd. They set a “buy” rating and a $360.00 price objective for the company. Wells Fargo & Company cut their price target on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Morgan Stanley reiterated an “overweight” rating and set a $325.00 price target on shares of CrowdStrike in a report on Monday, September 9th. Robert W. Baird cut their price target on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, Citigroup dropped their target price on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Trading Up 1.8 %

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $85.72 billion, a price-to-earnings ratio of 519.74, a price-to-earnings-growth ratio of 23.22 and a beta of 1.10. The business’s 50 day simple moving average is $292.46 and its 200 day simple moving average is $309.39.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock worth $32,143,350 over the last ninety days. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the second quarter worth approximately $25,000. Family Firm Inc. purchased a new position in CrowdStrike during the second quarter worth approximately $30,000. Itau Unibanco Holding S.A. purchased a new position in CrowdStrike during the second quarter worth approximately $33,000. Unique Wealth Strategies LLC purchased a new position in CrowdStrike during the second quarter worth approximately $36,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of CrowdStrike in the second quarter worth $38,000. Hedge funds and other institutional investors 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.