CrowdStrike (NASDAQ:CRWD) Trading 3.6% Higher - Still a Buy?

CrowdStrike (NASDAQ:CRWD - Get Free Report) shot up 3.6% during trading on Friday . The company traded as high as $517.98 and last traded at $513.77. 2,654,026 shares were traded during mid-day trading, a decline of 44% from the average session volume of 4,779,107 shares. The stock had previously closed at $496.10.

Analysts Set New Price Targets

A number of research firms have recently commented on CRWD. Scotiabank upped their price target on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Canaccord Genuity Group restated a "hold" rating and issued a $475.00 price target (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Truist Financial restated a "buy" rating and issued a $500.00 price target (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Morgan Stanley upped their price target on shares of CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Mizuho upped their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Two research 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $453.88.

CrowdStrike Trading Up 3.6%

The company's fifty day moving average is $463.46 and its two-hundred day moving average is $406.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $128.06 billion, a price-to-earnings ratio of -744.59 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) 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. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company earned $0.93 EPS. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. On average, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In other news, CFO Burt W. Podbere sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the sale, the chief financial officer owned 249,653 shares of the company's stock, valued at $109,068,402.64. This trade represents a 6.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the sale, the chief executive officer directly owned 2,192,610 shares in the company, valued at $981,280,679.40. The trade was a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 249,571 shares of company stock worth $115,469,993 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. TrueWealth Advisors LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $219,000. HBW Advisory Services LLC grew its stake in CrowdStrike by 8.0% in the 2nd quarter. HBW Advisory Services LLC now owns 1,520 shares of the company's stock valued at $774,000 after acquiring an additional 113 shares during the period. Howard Financial Services LTD. grew its stake in CrowdStrike by 2.8% in the 2nd quarter. Howard Financial Services LTD. now owns 1,862 shares of the company's stock valued at $948,000 after acquiring an additional 51 shares during the period. Harbor Investment Advisory LLC grew its stake in CrowdStrike by 2.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 11,261 shares of the company's stock valued at $5,735,000 after acquiring an additional 301 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs acquired a new stake in CrowdStrike in the 1st quarter valued at $3,261,000. 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.