CrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners. It serves customers worldwide. The company was incorporated in 2011 and is based in Austin, Texas.
CrowdStrike Stock Performance
Shares of NASDAQ:CRWD traded down $5.24 on Friday, hitting $190.52. The company had a trading volume of 2,232,069 shares, compared to its average volume of 4,536,004. CrowdStrike has a 1-year low of $130.00 and a 1-year high of $298.48. The stock has a market cap of $44.21 billion, a price-to-earnings ratio of -241.16 and a beta of 1.28. The stock has a 50 day moving average price of $180.96 and a 200 day moving average price of $185.36. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.66.
CrowdStrike (NASDAQ:CRWD - Get Rating) last released its quarterly earnings results on Thursday, June 2nd. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.06. CrowdStrike had a negative net margin of 11.08% and a negative return on equity of 14.50%. The business had revenue of $487.83 million for the quarter, compared to the consensus estimate of $464.35 million. During the same period in the prior year, the company posted ($0.14) earnings per share. CrowdStrike's revenue was up 61.1% compared to the same quarter last year. Analysts expect that CrowdStrike will post -0.63 EPS for the current year.
Analyst Upgrades and Downgrades
CRWD has been the topic of a number of research reports. Royal Bank of Canada cut their price target on shares of CrowdStrike from $275.00 to $225.00 in a research note on Tuesday, May 31st. TheStreet raised shares of CrowdStrike from a "d" rating to a "c-" rating in a research note on Wednesday. Cowen cut their price objective on shares of CrowdStrike to $220.00 in a research report on Friday, June 3rd. Morgan Stanley raised shares of CrowdStrike from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $195.00 to $215.00 in a research report on Monday, June 6th. Finally, JMP Securities reissued a "buy" rating and issued a $275.00 price objective on shares of CrowdStrike in a research report on Friday, June 3rd. Twenty-seven research analysts have rated the stock with a buy rating, According to MarketBeat, CrowdStrike has an average rating of "Buy" and a consensus price target of $250.69.
Insider Activity at CrowdStrike
In related news, insider Shawn Henry sold 12,103 shares of the company's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $200.52, for a total value of $2,426,893.56. Following the transaction, the insider now directly owns 180,252 shares in the company, valued at $36,144,131.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Burt W. Podbere sold 11,438 shares of the company's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.22, for a total transaction of $1,889,786.36. Following the completion of the sale, the chief financial officer now owns 313,028 shares of the company's stock, valued at $51,718,486.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 12,103 shares of the company's stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $200.52, for a total transaction of $2,426,893.56. Following the sale, the insider now directly owns 180,252 shares of the company's stock, valued at approximately $36,144,131.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,782 shares of company stock worth $17,581,741. Corporate insiders own 6.82% of the company's stock.