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

CrowdStrike (NASDAQ:CRWD - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $510.02 and last traded at $509.31, with a volume of 2700649 shares changing hands. The stock had previously closed at $499.33.

Analyst Upgrades and Downgrades

CRWD has been the subject of several analyst reports. Royal Bank Of Canada upped their price objective on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Rosenblatt Securities lifted their target price on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Scotiabank boosted their price objective on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Finally, Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $453.88.

CrowdStrike Price Performance

The firm has a market capitalization of $128.01 billion, a PE ratio of -744.33 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The company has a 50-day moving average price of $459.69 and a 200-day moving average price of $404.06.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. Sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity

In other news, President Michael Sentonas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the transaction, the president directly owned 422,204 shares in the company, valued at approximately $201,391,308. This represents a 5.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the sale, the director owned 36,906 shares of the company's stock, valued at $17,306,330.58. This trade represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,821 shares of company stock valued at $117,495,993 over the last quarter. 3.32% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently bought and sold shares of the business. TrueWealth Advisors LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $219,000. HBW Advisory Services LLC increased its position in CrowdStrike by 8.0% in the second quarter. HBW Advisory Services LLC now owns 1,520 shares of the company's stock worth $774,000 after buying an additional 113 shares during the period. Howard Financial Services LTD. increased its position in CrowdStrike by 2.8% in the second quarter. Howard Financial Services LTD. now owns 1,862 shares of the company's stock worth $948,000 after buying an additional 51 shares during the period. Harbor Investment Advisory LLC lifted its stake in CrowdStrike by 2.7% in the second quarter. Harbor Investment Advisory LLC now owns 11,261 shares of the company's stock valued at $5,735,000 after buying an additional 301 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of CrowdStrike during the first quarter valued at $3,261,000. Institutional investors 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.