CrowdStrike (NASDAQ:CRWD) Trading 2.2% Higher – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was up 2.2% during mid-day trading on Friday . The company traded as high as $478.47 and last traded at $473.32. Approximately 1,850,392 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 5,103,363 shares. The stock had previously closed at $462.94.

Analyst Ratings Changes

CRWD has been the subject of several recent research reports. Stephens increased their price objective on CrowdStrike from $450.00 to $540.00 and gave the company an “overweight” rating in a research note on Wednesday. JMP Securities reiterated a “market outperform” rating and issued a $500.00 target price on shares of CrowdStrike in a research report on Wednesday. Barclays set a $500.00 price target on shares of CrowdStrike in a research report on Tuesday. Cantor Fitzgerald increased their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. boosted their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $450.43.

CrowdStrike Stock Up 1.2%

The company has a market capitalization of $116.11 billion, a PE ratio of 918.47, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $415.18 and a two-hundred day simple moving average of $388.29.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the sale, the director now owns 29,500 shares in the company, valued at $14,425,500. The trade was a 25.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 211,681 shares of company stock valued at $87,081,236 over the last ninety days. Corporate insiders own 3.32% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Primoris Wealth Advisors LLC acquired a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $2,166,000. Arcadia Investment Management Corp MI increased its stake in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Trifecta Capital Advisors LLC raised its holdings in CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Delta Financial Group Inc. purchased a new stake in CrowdStrike during the fourth quarter worth $336,000. Finally, Marshall Investment Management LLC purchased a new stake in CrowdStrike during the fourth quarter worth $2,494,000. 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.