CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) shares gapped up before the market opened on Tuesday after Barclays raised their price target on the stock from $200.00 to $215.00. The stock had previously closed at $185.88, but opened at $192.06. Barclays currently has an overweight rating on the stock. CrowdStrike shares last traded at $190.38, with a volume of 12,306 shares.
CRWD has been the topic of a number of other reports. Piper Sandler lowered their price objective on shares of CrowdStrike from $250.00 to $230.00 and set an "overweight" rating on the stock in a research note on Friday, June 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of CrowdStrike from $270.00 to $225.00 in a research report on Friday, June 3rd. JMP Securities restated a "buy" rating and set a $275.00 price objective on shares of CrowdStrike in a research report on Friday, June 3rd. DA Davidson lowered their target price on CrowdStrike from $280.00 to $235.00 and set a "buy" rating on the stock in a report on Friday, June 3rd. Finally, BTIG Research cut their price target on CrowdStrike from $257.00 to $234.00 and set a "buy" rating for the company in a report on Friday, June 3rd. Twenty-seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CrowdStrike presently has an average rating of "Buy" and an average target price of $251.21.
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Insider Transactions at CrowdStrike
In other news, insider Shawn Henry sold 8,713 shares of the business's stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $165.03, for a total transaction of $1,437,906.39. Following the completion of the sale, the insider now owns 185,584 shares in the company, valued at approximately $30,626,927.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Shawn Henry sold 8,713 shares of the company's stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $165.03, for a total transaction of $1,437,906.39. Following the completion of the sale, the insider now directly owns 185,584 shares of the company's stock, valued at approximately $30,626,927.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 71,528 shares of the firm's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.35, for a total value of $11,827,154.80. Following the completion of the transaction, the chief executive officer now directly owns 958,309 shares in the company, valued at $158,456,393.15. The disclosure for this sale can be found here. Insiders have sold a total of 103,782 shares of company stock worth $17,581,741 in the last three months. 6.82% of the stock is currently owned by company insiders.
Institutional Trading of CrowdStrike
Several large investors have recently bought and sold shares of CRWD. SRS Capital Advisors Inc. grew its holdings in CrowdStrike by 71.9% during the 2nd quarter. SRS Capital Advisors Inc. now owns 1,384 shares of the company's stock valued at $233,000 after purchasing an additional 579 shares in the last quarter. Legal & General Group Plc grew its stake in shares of CrowdStrike by 1.9% during the second quarter. Legal & General Group Plc now owns 1,761,186 shares of the company's stock valued at $296,866,000 after acquiring an additional 32,076 shares in the last quarter. ExodusPoint Capital Management LP increased its position in shares of CrowdStrike by 238.3% during the second quarter. ExodusPoint Capital Management LP now owns 180,534 shares of the company's stock worth $30,431,000 after acquiring an additional 127,172 shares during the last quarter. SQN Investors LP lifted its stake in shares of CrowdStrike by 39.0% in the second quarter. SQN Investors LP now owns 262,817 shares of the company's stock worth $44,300,000 after acquiring an additional 73,779 shares in the last quarter. Finally, New Millennium Group LLC purchased a new position in CrowdStrike in the second quarter valued at about $35,000. Institutional investors and hedge funds own 63.02% of the company's stock.
CrowdStrike Trading Up 3.5 %
The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.66. The business has a 50 day simple moving average of $182.67 and a two-hundred day simple moving average of $185.69. The stock has a market cap of $44.64 billion, a price-to-earnings ratio of -243.49 and a beta of 1.28.
CrowdStrike (NASDAQ:CRWD – Get Rating) last released its quarterly earnings results on Thursday, June 2nd. The company reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.19) by $0.06. The business had revenue of $487.83 million during the quarter, compared to the consensus estimate of $464.35 million. CrowdStrike had a negative net margin of 11.08% and a negative return on equity of 14.50%. The business's quarterly revenue was up 61.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) earnings per share. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post -0.63 EPS for the current year.
CrowdStrike Company Profile
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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.
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