CrowdStrike (NASDAQ:CRWD) Trading Down 0.1%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price dropped 0.1% during mid-day trading on Wednesday . The stock traded as low as $288.55 and last traded at $292.23. Approximately 567,441 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 3,454,039 shares. The stock had previously closed at $292.54.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CRWD shares. UBS Group boosted their price target on CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Truist Financial lifted their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. TD Cowen increased their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. HSBC lifted their target price on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, BMO Capital Markets increased their price target on shares of CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. One 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Price Performance

The business has a 50-day moving average of $313.50 and a two-hundred day moving average of $271.26. The firm has a market cap of $75.03 billion, a P/E ratio of 861.72, a price-to-earnings-growth ratio of 11.82 and a beta of 1.08. 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 data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The company had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. On average, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 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 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 $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of CrowdStrike 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 completion of the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 14,815 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 235,850 shares in the company, valued at $76,851,722.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 223,544 shares of company stock worth $72,113,932. Company insiders own 5.68% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently made changes to their positions in CRWD. Morgan Stanley boosted its holdings in CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after acquiring an additional 2,757,251 shares in the last quarter. Norges Bank acquired a new stake in CrowdStrike in the 4th quarter valued at $683,336,000. Pathstone Holdings LLC bought a new stake in CrowdStrike during the 4th quarter valued at $450,418,000. Jennison Associates LLC raised its holdings in CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares in the last quarter. 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.