CrowdStrike (NASDAQ:CRWD) Shares Up 0.2%

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CRWD shares. BTIG Research increased their price objective on shares of CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” 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 stock a “buy” rating in a research report on Wednesday, February 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Wednesday. Evercore ISI increased their target price on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, Sanford C. Bernstein assumed coverage on shares of CrowdStrike in a report on Thursday, January 18th. They set an “outperform” rating and a $334.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Trading Up 0.1 %

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 company has a market cap of $71.09 billion, a price-to-earnings ratio of 817.66, a PEG ratio of 11.96 and a beta of 1.05. The business’s 50-day simple moving average is $319.23 and its 200-day simple moving average is $262.69.

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. The company 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%. Research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Activity

In other news, President Michael Sentonas sold 18,747 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the president now owns 382,958 shares of the company’s stock, valued at $124,767,716.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, President Michael Sentonas sold 18,747 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the president now owns 382,958 shares of the company’s stock, valued at $124,767,716.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock valued at $72,113,932 over the last 90 days. Insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently bought and sold shares of the stock. Fairfield Bush & CO. purchased a new stake in CrowdStrike during the first quarter worth approximately $654,000. MetLife Investment Management LLC purchased a new stake in CrowdStrike during the first quarter worth approximately $2,930,000. Yousif Capital Management LLC grew its stake in CrowdStrike by 4.3% during the first quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock worth $666,000 after buying an additional 120 shares during the period. Raymond James Trust N.A. grew its stake in CrowdStrike by 37.3% during the first quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock worth $643,000 after buying an additional 769 shares during the period. Finally, Synovus Financial Corp boosted its stake in shares of CrowdStrike by 14.4% in the first quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock valued at $658,000 after purchasing an additional 369 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.