CrowdStrike (NASDAQ:CRWD) Trading Up 2.2% - Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares traded up 2.2% during mid-day trading on Friday . The stock traded as high as $478.47 and last traded at $473.32. 1,850,392 shares traded hands during trading, a decline of 64% from the average session volume of 5,103,363 shares. The stock had previously closed at $462.94.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Canaccord Genuity Group reiterated a "hold" rating and set a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday. Oppenheimer upped their price target on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday. JMP Securities reiterated a "market outperform" rating and set a $500.00 price target on shares of CrowdStrike in a research note on Wednesday. Jefferies Financial Group upped their price target on CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Cantor Fitzgerald upped their price target on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, fifteen have given 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 an average target price of $450.43.

CrowdStrike Stock Performance

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 stock has a fifty day moving average price of $415.18 and a 200-day moving average price of $388.02. The firm has a market capitalization of $116.11 billion, a price-to-earnings ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.22.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the firm posted $0.93 EPS. CrowdStrike's quarterly revenue was up 19.8% compared to the same quarter last year. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the sale, the director now directly owns 768,092 shares of the company's stock, valued at $248,984,702.72. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares of the company's stock, valued at $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 211,681 shares of company stock valued at $87,081,236. Corporate insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cloud Capital Management LLC acquired a new stake in CrowdStrike during the 1st quarter valued at $25,000. Vision Financial Markets LLC bought a new position in CrowdStrike in the 1st quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC boosted its position in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. boosted its position in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.