CrowdStrike (NASDAQ:CRWD) Shares Up 0.9%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded up 0.9% on Monday . The company traded as high as $313.86 and last traded at $306.73. 804,775 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 3,494,508 shares. The stock had previously closed at $304.07.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Mizuho lifted their price objective on shares of CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Macquarie reiterated an “outperform” rating and issued a $370.00 target price on shares of CrowdStrike in a research report on Tuesday, March 19th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, January 17th. Sanford C. Bernstein initiated coverage on shares of CrowdStrike in a research report on Thursday, January 18th. They issued an “outperform” rating and a $334.00 target price on the stock. Finally, BTIG Research lifted their target price on shares of CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Stock Performance

The firm has a market cap of $73.29 billion, a price-to-earnings ratio of 852.05, a PEG ratio of 12.16 and a beta of 1.05. The firm’s fifty day moving average price is $314.71 and its 200-day moving average price is $269.29. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32.

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

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the transaction, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO George Kurtz sold 78,080 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the transaction, the chief executive officer now owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. increased its holdings in CrowdStrike by 2.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock valued at $934,000 after acquiring an additional 141 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in CrowdStrike during the 4th quarter valued at about $1,228,000. Financial Counselors Inc. increased its holdings in CrowdStrike by 3.9% during the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after acquiring an additional 50 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its holdings in CrowdStrike by 17.1% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock valued at $40,647,000 after acquiring an additional 23,265 shares in the last quarter. Finally, Highland Capital Management LLC boosted its stake in shares of CrowdStrike by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors 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.