CrowdStrike (NASDAQ:CRWD) Trading 3.3% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares shot up 3.3% during mid-day trading on Tuesday . The company traded as high as $299.31 and last traded at $298.60. 669,779 shares were traded during trading, a decline of 81% from the average session volume of 3,564,879 shares. The stock had previously closed at $289.15.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CRWD. Raymond James began coverage on shares of CrowdStrike in a research report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 target price for the company. BMO Capital Markets increased their price objective on shares of CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group increased their price objective on shares of CrowdStrike from $222.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. DA Davidson increased their price objective on shares of CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Wednesday, January 17th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Stock Performance

The stock has a 50 day simple moving average of $315.88 and a 200 day simple moving average of $267.07. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock has a market cap of $71.99 billion, a P/E ratio of 826.75, a price-to-earnings-growth ratio of 11.98 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the transaction, the chief accounting officer now owns 36,136 shares in the company, valued at $11,773,108.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 14,815 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.85, for a total value of $4,827,467.75. Following the sale, the insider now owns 235,850 shares in the company, valued at approximately $76,851,722.50. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock valued at $72,113,932 in the last ninety days. 5.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Trivant Custom Portfolio Group LLC bought a new stake in CrowdStrike during the 1st quarter valued at approximately $30,000. CVA Family Office LLC purchased a new stake in CrowdStrike during the 4th quarter valued at $26,000. Hexagon Capital Partners LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $26,000. Future Financial Wealth Managment LLC bought a new stake in shares of CrowdStrike during the 1st quarter valued at $32,000. Finally, MCF Advisors LLC bought a new stake in shares of CrowdStrike during the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Company Profile

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.