CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.2%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price rose 0.2% during mid-day trading on Thursday . The company traded as high as $295.13 and last traded at $294.35. Approximately 675,287 shares traded hands during trading, a decline of 81% from the average daily volume of 3,605,711 shares. The stock had previously closed at $293.69.

Analyst Ratings Changes

CRWD has been the subject of a number of research reports. Mizuho upped their target price on shares of CrowdStrike from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Raymond James began coverage on shares of CrowdStrike in a report on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 price objective for the company. Morgan Stanley upped their price objective on shares of CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Wednesday. Finally, DA Davidson upped their price objective on shares of CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Trading Down 3.9 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $68.36 billion, a PE ratio of 785.13, a price-to-earnings-growth ratio of 11.76 and a beta of 1.05. The business’s 50-day moving average price is $317.72 and its 200-day moving average price is $263.70.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The business had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. As a group, analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 18,747 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $6,107,772.60. Following the transaction, the president now directly owns 382,958 shares in the company, valued at approximately $124,767,716.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, President Michael Sentonas sold 18,747 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $6,107,772.60. Following the transaction, the president now directly owns 382,958 shares in the company, valued at approximately $124,767,716.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 14,815 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total value of $4,827,467.75. Following the completion of the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at approximately $76,851,722.50. The disclosure for this sale can be found here. Insiders have sold a total of 223,544 shares of company stock worth $72,113,932 in the last three months. Insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the business. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike in the first quarter valued at $30,000. CVA Family Office LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth $26,000. Hexagon Capital Partners LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth $26,000. Future Financial Wealth Managment LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth $32,000. Finally, MCF Advisors LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.