CrowdStrike (NASDAQ:CRWD) Sets New 12-Month High - Still a Buy?

CrowdStrike (NASDAQ:CRWD - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $494.30 and last traded at $491.81, with a volume of 4415151 shares trading hands. The stock had previously closed at $476.30.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Scotiabank increased their price objective on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Rosenblatt Securities raised their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Truist Financial reaffirmed a "buy" rating and issued a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Morgan Stanley raised their target price on shares of CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $453.17.

CrowdStrike Price Performance

The stock has a market cap of $120.98 billion, a PE ratio of -703.45 and a beta of 1.16. The stock's fifty day moving average is $442.88 and its 200-day moving average is $397.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. As a group, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $482.50, for a total value of $4,825,000.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company's stock, valued at approximately $8,828,302.50. The trade was a 35.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $484.59, for a total value of $3,028,687.50. Following the transaction, the director now directly owns 755,592 shares in the company, valued at approximately $366,152,327.28. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,060 shares of company stock worth $87,750,868 over the last quarter. 3.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CRWD. Cloud Capital Management LLC purchased a new stake in CrowdStrike during the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC increased its position in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the period. Vision Financial Markets LLC purchased a new stake in CrowdStrike in the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in CrowdStrike during the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds 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.