HSBC Securities has recently raised Crowdstrike Holdings Inc (CRWD) stock to Buy rating, as announced on August 30, 2024, according to Finviz. Earlier, on August 29, 2024, BMO Capital Markets had reiterated the stock to Outperform, setting a price target of $315. for CRWD stock. Piper Sandler also raised Overweight rating with a price target of $290. Additionally, Evercore ISI reiterated Outperform rating on July 30, 2024, with a target price of $325. HSBC Securities analysts, in their report published on July 23, 2024, also reduced Hold rating and set a price target of $302 for Crowdstrike Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Crowdstrike Holdings Inc (CRWD) Stock Trading Recap
On Thursday, Crowdstrike Holdings Inc (CRWD) stock saw a decline, ending the day at $256.43 which represents a decrease of $-2.89 or -1.11% from the prior close of $259.32. The stock opened at $255.4 and touched a low of $252.67 during the day, reaching a high of $259. The volume of shares traded was 3.92 million falling short of the average volume of 8.85 million.
CRWD Stock Performance and Moving Averages
In recent trading, Crowdstrike Holdings Inc (CRWD) stock price has shown some volatility, fluctuating -2.94% over the last five trades and 10.68% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -22.19%, and it has plunged by -25.06% in the previous three months. Currently, CRWD is trading at -1.36%, -13.69%, and -14.66% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CRWD, a Technology sector stock, is trading -35.62% below its 52-week high but remains 62.72% above its 52-week low. The Average True Range (ATR) (14 days) of 11.43 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Crowdstrike Holdings Inc’s Profitability and Valuation Ratios
Crowdstrike Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 1.65% and a profit margin of 4.84%, with a gross margin of -22.19%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Crowdstrike Holdings Inc’s market capitalization stands at $62.86 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 374.79, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 59.72. Additionally, the Price-to-Sales Ratio is 17.88, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 22.03, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 6.95% of Crowdstrike Holdings Inc (CRWD)’s shares, while financial institutions hold 71.04%.
Notable insider trades include Henry Shawn, CHIEF SECURITY OFFICER at Crowdstrike Holdings Inc (CRWD), who sold 4000 shares on Aug 15 ’24, at $260 each, totaling $1.04 million. On Jul 15 ’24, Henry Shawn, CHIEF SECURITY OFFICER, sold 4000 shares for $371.32 each, amounting to $1.49 million. Additionally, on Jul 01 ’24, GANDHI SAMEER K sold 15000 shares at $380.21 each, generating $5.70 million.
