CrowdStrike (NASDAQ:CRWD) Stock Price Up 3%

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 3% during mid-day trading on Wednesday . The company traded as high as $255.50 and last traded at $255.49. 2,108,779 shares changed hands during trading, a decline of 61% from the average session volume of 5,409,788 shares. The stock had previously closed at $248.11.

Analysts Set New Price Targets

A number of analysts recently weighed in on CRWD shares. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and lowered their price target for the company from $380.00 to $275.00 in a report on Thursday, July 18th. Mizuho dropped their target price on CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Stifel Nicolaus cut their price target on CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Rosenblatt Securities lowered their price objective on CrowdStrike from $420.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Friday, June 21st. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $344.13.

CrowdStrike Stock Up 3.2 %

The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $62.33 billion, a P/E ratio of 483.11, a PEG ratio of 11.79 and a beta of 1.10. The firm’s 50 day moving average price is $329.98 and its two-hundred day moving average price is $322.11.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The business had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the transaction, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s 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 completion of the sale, the director now directly owns 824,234 shares in the company, valued at approximately $313,382,009.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the transaction, the insider now owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,643 shares of company stock valued at $49,709,324. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Family Firm Inc. bought a new position in CrowdStrike during the second quarter worth $30,000. Itau Unibanco Holding S.A. bought a new stake in shares of CrowdStrike during the 2nd quarter worth about $33,000. Unique Wealth Strategies LLC acquired a new position in CrowdStrike in the 2nd quarter valued at about $36,000. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the 1st quarter valued at about $30,000. Finally, Hobbs Group Advisors LLC acquired a new stake in CrowdStrike during the second quarter worth approximately $38,000. 71.16% of the stock is currently owned by 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.