CrowdStrike (NASDAQ:CRWD) Shares Up 1.5% – Here’s What Happened

CrowdStrike (NASDAQ:CRWD) shot up 1.5% during trading on Thursday . The company traded as high as $424.00 and last traded at $422.14. 1,994,595 shares were traded during mid-day trading, a decline of 36% from the average session volume of 3,097,971 shares. The stock had previously closed at $415.76.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of CrowdStrike from $435.00 to $475.00 and gave the company a “hold” rating in a report on Wednesday, December 3rd. Stephens reissued an “overweight” rating and issued a $590.00 target price on shares of CrowdStrike in a research note on Thursday, December 18th. HSBC raised their price target on shares of CrowdStrike from $417.00 to $446.00 and gave the stock a “hold” rating in a research note on Thursday, December 4th. Daiwa Securities Group lifted their price objective on CrowdStrike from $530.00 to $560.00 and gave the company an “outperform” rating in a report on Tuesday, December 9th. Finally, Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a report on Monday, November 24th. Thirty analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $550.09.

CrowdStrike Stock Up 1.5%

The company has a market cap of $106.42 billion, a P/E ratio of -335.03, a PEG ratio of 23.71 and a beta of 1.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average price of $454.68 and a 200 day moving average price of $472.59.

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

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 28,853 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the completion of the sale, the chief executive officer owned 2,054,902 shares in the company, valued at $848,695,075.02. The trade was a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 11,461 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $479.78, for a total value of $5,498,758.58. Following the transaction, the president directly owned 342,655 shares in the company, valued at $164,399,015.90. This trade represents a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,247 shares of company stock valued at $45,722,274 over the last three months. Insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after acquiring an additional 2,417 shares during the last quarter. Empowered Funds LLC boosted its position in shares of CrowdStrike by 3.6% in the 1st quarter. Empowered Funds LLC now owns 4,812 shares of the company’s stock worth $1,697,000 after purchasing an additional 169 shares during the last quarter. Hunter Associates Investment Management LLC acquired a new stake in shares of CrowdStrike during the second quarter worth $284,000. Avidian Wealth Enterprises LLC increased its holdings in CrowdStrike by 28.2% in the second quarter. Avidian Wealth Enterprises LLC now owns 941 shares of the company’s stock valued at $479,000 after purchasing an additional 207 shares during the last quarter. Finally, Klingman & Associates LLC acquired a new position in CrowdStrike in the second quarter valued at about $268,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

About CrowdStrike

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.