CrowdStrike (NASDAQ:CRWD) Trading 3.6% Higher - What's Next?

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.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRWD. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Morgan Stanley boosted their price objective on CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. DZ Bank downgraded CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective on the stock. in a research note on Thursday, May 22nd. Raymond James Financial reissued an "outperform" rating and issued a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, UBS Group reissued a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Two equities 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 company. According to data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $453.88.

CrowdStrike Trading Up 3.6%

The company has a market capitalization of $128.06 billion, a P/E ratio of -744.59 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 firm has a fifty day moving average price of $463.46 and a 200-day moving average price of $405.87.

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

Insider Buying and Selling

In other news, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the transaction, the chief financial officer directly owned 249,653 shares of the company's stock, valued at $109,068,402.64. This represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president directly owned 422,204 shares of the company's stock, valued at approximately $201,391,308. This represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 249,571 shares of company stock valued at $115,469,993 over the last quarter. Corporate insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently modified their holdings of CRWD. TrueWealth Advisors LLC bought a new position in CrowdStrike during the second quarter valued at $219,000. HBW Advisory Services LLC grew its holdings in CrowdStrike by 8.0% during the second quarter. HBW Advisory Services LLC now owns 1,520 shares of the company's stock valued at $774,000 after purchasing an additional 113 shares during the period. Howard Financial Services LTD. grew its holdings in CrowdStrike by 2.8% during the second quarter. Howard Financial Services LTD. now owns 1,862 shares of the company's stock valued at $948,000 after purchasing an additional 51 shares during the period. Harbor Investment Advisory LLC grew its holdings in CrowdStrike by 2.7% during the second quarter. Harbor Investment Advisory LLC now owns 11,261 shares of the company's stock valued at $5,735,000 after purchasing an additional 301 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs bought a new position in CrowdStrike during the first quarter valued at $3,261,000. 71.16% of the stock is owned by institutional investors.

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.