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

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

Analyst Ratings Changes

CRWD has been the subject of several analyst reports. Oppenheimer reduced their target price on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Truist Financial restated a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a research note on Wednesday, August 28th. BMO Capital Markets increased their price target on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Piper Sandler restated an “overweight” rating and issued a $290.00 price objective 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Trading Down 1.0 %

The company’s fifty day moving average is $294.23 and its 200-day moving average is $309.66. 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 $84.41 billion, a PE ratio of 499.07, a price-to-earnings-growth ratio of 23.22 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its 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 during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,683 shares of the business’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 $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,248 shares of company stock valued at $31,103,350. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of CRWD. Beacon Financial Advisory LLC acquired a new stake in CrowdStrike during the 3rd quarter valued at approximately $955,000. Burney Co. acquired a new position in CrowdStrike during the first quarter valued at $1,342,000. Doliver Advisors LP lifted its position in CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after purchasing an additional 4,664 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares during the period. 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.