CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.5% - Time to 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)'s share price traded up 1.5% during trading on Monday . The stock traded as high as $456.49 and last traded at $453.52. 514,223 shares traded hands during 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 analysts recently commented on CRWD shares. Jefferies Financial Group raised their price target on shares of CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Needham & Company LLC boosted their target price on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group upped their price target on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Macquarie initiated coverage on CrowdStrike in a research report on Thursday, July 17th. They issued a "neutral" rating and a $465.00 price objective for the company. Finally, Sanford C. Bernstein downgraded CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target for the company. in a research report on Friday, June 6th. One equities research 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $461.17.

CrowdStrike Trading Up 1.8%

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 $113.37 billion, a P/E ratio of -659.22 and a beta of 1.13. The stock has a 50-day moving average of $479.51 and a two-hundred day moving average of $423.31.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly 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 business 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 revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. On average, equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total value of $3,202,687.50. Following the transaction, the director owned 781,011 shares of the company's stock, valued at $400,213,466.73. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the sale, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. This trade represents a 33.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,014 shares of company stock valued at $74,238,060. Company insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently modified their holdings of the stock. Patron Partners LLC boosted its holdings in shares of CrowdStrike by 2.1% during the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company's stock worth $548,000 after purchasing an additional 22 shares during the last quarter. FSA Wealth Management LLC grew its stake in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after acquiring an additional 23 shares in the last quarter. Real Talk Capital LLC grew its stake in shares of CrowdStrike by 0.9% in the first quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock worth $963,000 after acquiring an additional 24 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in shares of CrowdStrike by 20.8% during the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares in the last quarter. Finally, Close Asset Management Ltd grew its stake in shares of CrowdStrike by 23.8% during the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other 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.

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