CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.8% – Here’s What Happened

CrowdStrike (NASDAQ:CRWD) shares rose 1.8% on Tuesday . The stock traded as high as $487.20 and last traded at $476.66. Approximately 2,826,254 shares changed hands during trading, an increase of 5% from the average daily volume of 2,690,972 shares. The stock had previously closed at $468.33.

Analyst Ratings Changes

Several research firms have commented on CRWD. BNP Paribas Exane boosted their price target on shares of CrowdStrike from $350.00 to $450.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Stifel Nicolaus lifted their target price on CrowdStrike from $515.00 to $600.00 and gave the company a “buy” rating in a report on Monday, November 17th. Loop Capital set a $550.00 target price on CrowdStrike in a research note on Thursday, December 11th. Scotiabank reaffirmed an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on CrowdStrike from $435.00 to $475.00 and gave the company a “hold” rating in a research note on Wednesday, December 3rd. Thirty-one analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $555.21.

CrowdStrike Trading Up 1.8%

The firm has a market capitalization of $120.17 billion, a price-to-earnings ratio of -378.30, a PEG ratio of 109.85 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81. The company has a 50-day moving average price of $483.92 and a 200-day moving average price of $477.83.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations 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 revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 17,550 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $481.38, for a total value of $8,448,219.00. Following the completion of the transaction, the chief executive officer owned 2,090,532 shares in the company, valued at $1,006,340,294.16. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 10,516 shares of CrowdStrike stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $483.33, for a total value of $5,082,698.28. Following the sale, the chief financial officer owned 179,114 shares in the company, valued at $86,571,169.62. This trade represents a 5.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 69,048 shares of company stock worth $34,509,857. 3.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently modified their holdings of the company. Laurel Wealth Advisors LLC raised its position in CrowdStrike by 54,635.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock valued at $2,186,714,000 after purchasing an additional 4,285,640 shares during the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike in the second quarter valued at about $1,638,365,000. Vestor Capital LLC boosted its stake in shares of CrowdStrike by 269,840.3% during the second quarter. Vestor Capital LLC now owns 977,184 shares of the company’s stock worth $497,690,000 after buying an additional 976,822 shares during the period. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 2.6% during the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after buying an additional 596,007 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in CrowdStrike by 232.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 714,165 shares of the company’s stock valued at $334,772,000 after acquiring an additional 499,353 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

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.