CrowdStrike (NASDAQ:CRWD) Shares Up 1.1% - What's Next?

Key Points

• CrowdStrike's stock price increased by 1.1% to $446.56, with trading volume significantly declining to 511,553 shares, compared to an average of 3.7 million.
• Analyst ratings show a consensus of "Moderate Buy", with an average target price of $461.17, despite a sell rating from one analyst.
• Insider selling has been notable, with the President and CEO selling shares worth over $20 million in total, indicating potential concerns about stock valuation.

CrowdStrike (NASDAQ:CRWD - Get Free Report) shares rose 1.1% on Wednesday . The company traded as high as $448.51 and last traded at $446.56. Approximately 511,553 shares were traded during trading, a decline of 86% from the average daily volume of 3,737,293 shares. The stock had previously closed at $441.75.

Analyst Ratings Changes

CRWD has been the topic of a number of research reports. JMP Securities reissued a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a report on Wednesday, June 4th. Stifel Nicolaus upped their target price on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Susquehanna upped their target price on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a report on Wednesday, June 4th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Finally, BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

CrowdStrike Trading Down 0.1%

The stock has a market capitalization of $105.80 billion, a PE ratio of -615.20 and a beta of 1.13. The firm has a 50-day moving average price of $477.04 and a 200-day moving average price of $425.50. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm posted $0.93 EPS. The business's revenue was up 19.8% compared to the same quarter last year. As a group, equities analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In other news, Director Johanna Flower sold 2,073 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the completion of the transaction, the director owned 81,383 shares in the company, valued at approximately $38,592,632.43. This represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRWD. Vanguard Group Inc. boosted its stake in CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after purchasing an additional 908,554 shares during the period. Jennison Associates LLC boosted its stake in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. Geode Capital Management LLC boosted its stake in CrowdStrike by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company's stock worth $2,903,752,000 after purchasing an additional 273,922 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CrowdStrike by 52.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock worth $977,149,000 after purchasing an additional 955,529 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in CrowdStrike by 39.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock worth $939,747,000 after purchasing an additional 760,222 shares during the period. 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.