CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.5% - Should You Buy?

Key Points

• CrowdStrike's stock price rose by 1.5% during Monday's trading, with shares last traded at $453.52, even as trading volume saw a significant drop of 86% compared to average levels.
• Several analysts have upgraded their price targets for CrowdStrike, notably raising it to $530.00, with a consensus rating of "Moderate Buy" and an average price target of $461.17.
• Insider transactions revealed significant sales by directors, with a combined total of $74 million worth of shares sold in the past 90 days, indicating potential concerns about stock performance.

CrowdStrike (NASDAQ:CRWD - Get Free Report) shares shot up 1.5% during mid-day trading on Monday . The company traded as high as $456.49 and last traded at $453.52. 514,223 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 3,754,173 shares. The stock had previously closed at $446.66.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CRWD shares. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Macquarie assumed coverage on CrowdStrike in a research note on Thursday, July 17th. They set a "neutral" rating and a $465.00 price target for the company. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Stifel Nicolaus boosted their price objective on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and set a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $461.17.

CrowdStrike Trading Down 5.5%

The stock's 50 day simple moving average is $478.55 and its two-hundred day simple moving average is $424.30. 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 stock has a market capitalization of $106.37 billion, a PE ratio of -619.45 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted 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 positive return on equity of 0.43% and a negative net margin of 4.17%. The company had revenue of $1.10 billion during 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. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. On average, sell-side analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In related news, Director Denis Oleary sold 15,680 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the transaction, the director directly owned 36,906 shares in the company, valued at $17,306,330.58. This trade represents a 29.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the sale, the president owned 422,204 shares of the company's stock, valued at $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 214,414 shares of company stock valued at $101,484,738 in the last 90 days. 3.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen LLC purchased a new stake in shares of CrowdStrike during the 1st quarter valued at about $595,766,000. Jennison Associates LLC increased its position in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares during the period. GAMMA Investing LLC grew its position in shares of CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after buying an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC lifted its stake in CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after acquiring an additional 1,017,678 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of CrowdStrike by 52.6% during 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 valued at $977,149,000 after acquiring an additional 955,529 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.