CrowdStrike (NASDAQ:CRWD) Trading Up 3.3% – Still a Buy?

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CRWD shares. Morgan Stanley reissued an “overweight” rating and issued a $325.00 target price on shares of CrowdStrike in a research note on Monday, September 9th. Needham & Company LLC started coverage on CrowdStrike in a research note on Monday, September 23rd. They issued a “buy” rating and a $360.00 target price for the company. Stifel Nicolaus decreased their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada reduced their price objective on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. One 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 MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Stock Up 1.8 %

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

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the business earned $0.06 earnings per share. The business’s revenue was up 31.7% on a year-over-year basis. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,248 shares of company stock worth $32,143,350. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently added to or reduced their stakes in CRWD. Quent Capital LLC grew its position in CrowdStrike by 59.9% in the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after purchasing an additional 88 shares during the period. Avantax Advisory Services Inc. grew its position in CrowdStrike by 12.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,919 shares of the company’s stock worth $3,501,000 after purchasing an additional 1,180 shares during the period. Bleakley Financial Group LLC grew its position in CrowdStrike by 7.8% in the 1st quarter. Bleakley Financial Group LLC now owns 7,184 shares of the company’s stock worth $2,303,000 after purchasing an additional 519 shares during the period. Koshinski Asset Management Inc. grew its position in CrowdStrike by 82.9% in the 1st quarter. Koshinski Asset Management Inc. now owns 1,994 shares of the company’s stock worth $639,000 after purchasing an additional 904 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in CrowdStrike by 4.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 236,873 shares of the company’s stock worth $75,939,000 after purchasing an additional 9,268 shares during the period. Institutional investors own 71.16% of the company’s stock.

About CrowdStrike

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.