CrowdStrike (NASDAQ:CRWD) Stock Price Up 2% - Here's What Happened

Key Points

• CrowdStrike's stock price increased by 2% on Monday, trading between $432.83 and $433.09, with a significant drop in trading volume compared to the average.
• Analysts remain optimistic about CrowdStrike, with many setting new price targets; Wedbush raised theirs to $525.00, while Cfra and others suggest a consensus target price of $461.17.
• Insider trading activity saw Director Roxanne S. Austin and CEO George Kurtz sell substantial shares, reflecting a collective ownership decrease and raising potential concerns about insider confidence.

CrowdStrike (NASDAQ:CRWD - Get Free Report) shares were up 2% during trading on Monday . The stock traded as high as $432.83 and last traded at $433.09. Approximately 828,135 shares traded hands during trading, a decline of 78% from the average daily volume of 3,740,296 shares. The stock had previously closed at $424.49.

Analysts Set New Price Targets

Several analysts have commented on CRWD shares. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Wedbush upped their price target on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Cfra reiterated a "hold" rating and set a $555.00 target price (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Roth Capital increased their target price on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Jefferies Financial Group increased their price target on CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

CrowdStrike Price Performance

The stock has a 50 day moving average price of $477.04 and a two-hundred day moving average price of $425.84. The firm has a market cap of $106.29 billion, a PE ratio of -618.01 and a beta of 1.13. The company has a quick ratio of 1.85, a current 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 for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business'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 EPS. As a group, equities analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the transaction, the director directly owned 18,858 shares in the company, valued at approximately $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the sale, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,414 shares of company stock worth $101,484,738 over the last ninety days. Company insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently bought and sold shares of the company. Patron Partners LLC lifted its holdings in shares of CrowdStrike by 2.1% during the second 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 period. FSA Wealth Management LLC grew its holdings in shares of CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after buying an additional 23 shares during the last quarter. Real Talk Capital LLC grew its holdings in shares of CrowdStrike by 0.9% during the first quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock valued at $963,000 after buying an additional 24 shares during the last quarter. Tradewinds Capital Management LLC boosted its holdings in 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 during the last quarter. Finally, Close Asset Management Ltd boosted its stake in CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

About CrowdStrike

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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