CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.1% – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 1.1% during trading on Wednesday . The stock traded as high as $315.48 and last traded at $314.43. 700,327 shares changed hands during trading, a decline of 86% from the average session volume of 5,118,898 shares. The stock had previously closed at $310.94.

Analysts Set New Price Targets

CRWD has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Robert W. Baird dropped their price target on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Redburn Atlantic cut shares of CrowdStrike from a “neutral” rating to a “sell” rating and cut their price objective for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. TD Cowen decreased their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $290.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Price Performance

The stock has a market capitalization of $75.78 billion, a P/E ratio of 593.26, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10. The firm has a 50-day moving average price of $282.95 and a 200 day moving average price of $307.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during 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% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. On average, analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the sale, the president now owns 400,390 shares of the company’s stock, valued at $119,027,939.20. This trade 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 available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,212 shares of company stock worth $30,529,413. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the second quarter worth about $25,000. Oakworth Capital Inc. acquired a new position in CrowdStrike in the 3rd quarter worth approximately $28,000. Tsfg LLC raised its holdings in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. acquired a new position in shares of CrowdStrike in the 2nd quarter valued at about $30,000. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike during the third quarter worth $32,000. 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.