CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.8% – Still a Buy?

CrowdStrike (NASDAQ:CRWD)’s share price rose 1.8% on Tuesday . The company traded as high as $487.20 and last traded at $476.66. Approximately 2,826,254 shares traded 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.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CRWD shares. Canaccord Genuity Group upped their price target on CrowdStrike from $500.00 to $515.00 and gave the stock a “hold” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $621.00 price objective on shares of CrowdStrike in a research report on Wednesday, December 3rd. Truist Financial lifted their target price on shares of CrowdStrike from $550.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Sanford C. Bernstein reiterated a “market perform” rating and set a $353.00 price target on shares of CrowdStrike in a research note on Wednesday, December 3rd. Finally, Evercore ISI raised their price objective on shares of CrowdStrike from $430.00 to $460.00 and gave the company an “in-line” rating in a research report on Wednesday, December 3rd. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $555.21.

CrowdStrike Stock Up 1.8%

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The firm’s 50-day simple moving average is $483.92 and its two-hundred day simple moving average is $477.83. The company has a market capitalization of $120.17 billion, a price-to-earnings ratio of -378.30, a price-to-earnings-growth ratio of 109.85 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last posted 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. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. Sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In other CrowdStrike news, CFO Burt W. Podbere sold 10,516 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the sale, the chief financial officer directly owned 179,114 shares in the company, valued at approximately $86,571,169.62. The trade was a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 5,000 shares of the company’s stock in a transaction on 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 directly owned 765,456 shares in the company, valued at $421,153,891.20. This trade represents a 0.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 69,048 shares of company stock valued at $34,509,857 in the last 90 days. Insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Asset Planning Inc purchased a new position in shares of CrowdStrike during the 3rd quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd purchased a new position in CrowdStrike during the third quarter worth $25,000. Anchor Investment Management LLC acquired a new position in shares of CrowdStrike in the third quarter worth $25,000. Hanson & Doremus Investment Management raised its holdings in shares of CrowdStrike by 170.0% in the fourth quarter. Hanson & Doremus Investment Management now owns 54 shares of the company’s stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of CrowdStrike in the second quarter valued at $26,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.