CrowdStrike (NASDAQ:CRWD) Shares Up 3.5% – What’s Next?

CrowdStrike (NASDAQ:CRWD)’s stock price was up 3.5% on Monday . The company traded as high as $469.96 and last traded at $468.33. Approximately 1,944,673 shares traded hands during trading, a decline of 27% from the average daily volume of 2,681,712 shares. The stock had previously closed at $452.49.

Analyst Ratings Changes

CRWD has been the subject of several analyst reports. Stephens reissued an “overweight” rating and set a $590.00 price target on shares of CrowdStrike in a report on Thursday, December 18th. BTIG Research reissued a “buy” rating and set a $640.00 target price on shares of CrowdStrike in a research note on Tuesday, January 13th. Oppenheimer lifted their price target on CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 price objective on shares of CrowdStrike in a report on Wednesday, December 3rd. Finally, Barclays raised their target price on CrowdStrike from $515.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $555.21.

CrowdStrike Trading Up 3.5%

The firm has a 50 day moving average price of $485.15 and a 200-day moving average price of $477.97. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. Research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 17,550 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $481.38, for a total transaction of $8,448,219.00. Following the sale, the chief executive officer directly owned 2,090,532 shares in the company, valued at $1,006,340,294.16. This trade represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $550.20, for a total value of $2,751,000.00. Following the completion of the sale, the director owned 765,456 shares in the company, valued at approximately $421,153,891.20. This trade represents a 0.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 69,048 shares of company stock worth $34,509,857 over the last three months. Company insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CRWD. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 23,876,498 shares of the company’s stock worth $11,708,557,000 after buying an additional 445,926 shares during the last quarter. State Street Corp boosted its holdings in shares of CrowdStrike by 1.1% during the third quarter. State Street Corp now owns 10,922,290 shares of the company’s stock worth $5,356,073,000 after acquiring an additional 117,639 shares during the period. Geode Capital Management LLC grew its position in shares of CrowdStrike by 5.0% in the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock valued at $2,903,752,000 after purchasing an additional 273,922 shares during the last quarter. Laurel Wealth Advisors LLC increased its stake in shares of CrowdStrike by 54,635.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after purchasing an additional 4,285,640 shares during the period. Finally, Norges Bank acquired a new stake in CrowdStrike during the 2nd quarter worth approximately $1,638,365,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.