CrowdStrike (NASDAQ:CRWD) Trading 0.2% Higher – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price rose 0.2% on Friday . The stock traded as high as $350.16 and last traded at $348.23. Approximately 1,087,340 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 5,000,727 shares. The stock had previously closed at $347.59.

Wall Street Analyst Weigh In

CRWD has been the subject of several recent analyst reports. DA Davidson restated a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. Royal Bank of Canada lowered their target price on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a research report on Wednesday. The Goldman Sachs Group reduced their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Raymond James cut their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Stock Performance

The stock has a fifty day moving average price of $314.88 and a 200 day moving average price of $313.01. The company has a current ratio of 1.86, a quick ratio of 1.90 and a debt-to-equity ratio of 0.24. The firm has a market cap of $84.81 billion, a price-to-earnings ratio of 682.82, a price-to-earnings-growth ratio of 25.16 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results 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 3.39% and a return on equity of 7.11%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 in the last quarter. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike in the third quarter worth $28,000. Tsfg LLC boosted its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. Family Firm Inc. bought a new stake in CrowdStrike in the 2nd quarter valued at $30,000. Finally, Castleview Partners LLC acquired a new position in shares of CrowdStrike in the 3rd quarter valued at $32,000. 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.