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

CrowdStrike (NASDAQ:CRWD - Get Free Report) shares traded up 3.6% during trading on Thursday . The stock traded as high as $517.98 and last traded at $513.91. 1,396,250 shares were traded during trading, a decline of 71% from the average session volume of 4,761,495 shares. The stock had previously closed at $496.10.

Analyst Ratings Changes

Several brokerages recently commented on CRWD. Citigroup restated an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Mizuho upped their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Susquehanna raised their price objective on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a report on Wednesday, June 4th. Raymond James Financial reissued an "outperform" rating and set a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus upped their price target on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $453.88.

CrowdStrike Stock Up 3.3%

The stock has a market cap of $127.74 billion, a price-to-earnings ratio of -744.20 and a beta of 1.16. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $459.69 and a two-hundred day moving average of $404.06.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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. 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 business earned $0.93 earnings per share. The company's revenue was up 19.8% compared to the same quarter last year. As a group, analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, CFO Burt W. Podbere sold 16,000 shares of the stock in a transaction dated Monday, May 5th. The shares were 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 owned 249,653 shares in the company, valued at $109,068,402.64. This represents a 6.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the transaction, the director directly owned 18,858 shares in the company, valued at $9,385,060.86. This represents a 44.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,821 shares of company stock worth $117,495,993 over the last 90 days. Insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

Hedge funds have recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike during the 1st quarter valued at $25,000. Vision Financial Markets LLC acquired a new stake in CrowdStrike during the first quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC grew its stake in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of CrowdStrike during the 1st quarter worth about $30,000. 71.16% of the stock is owned by hedge funds and other 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.

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