CrowdStrike (NASDAQ:CRWD) Trading Down 0.5%

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Free Report) traded down 0.5% during trading on Monday . The stock traded as low as $313.72 and last traded at $319.01. 743,656 shares were traded during trading, a decline of 81% from the average session volume of 3,937,652 shares. The stock had previously closed at $320.59.

Analyst Ratings Changes

Several equities analysts have commented on the stock. 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. JMP Securities raised their target price on shares of CrowdStrike from $330.00 to $400.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 6th. Robert W. Baird raised their target price on shares of CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Thursday, March 14th. Finally, Morgan Stanley raised their target price on shares of CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $373.29.

Get Our Latest Report on CRWD

CrowdStrike Stock Performance

The stock has a market cap of $77.41 billion, a PE ratio of 898.11, a P/E/G ratio of 12.78 and a beta of 1.05. 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 business’s 50-day moving average price is $317.29 and its 200-day moving average price is $252.12.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its earnings results 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. The company had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. As a group, equities research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Burt W. Podbere sold 64,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $316.48, for a total value of $20,254,720.00. Following the sale, the chief financial officer now directly owns 306,508 shares of the company’s stock, valued at approximately $97,003,651.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Burt W. Podbere sold 64,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $316.48, for a total value of $20,254,720.00. Following the sale, the chief financial officer now directly owns 306,508 shares of the company’s stock, valued at approximately $97,003,651.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 286,667 shares of company stock valued at $89,475,050. Insiders own 5.68% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently added to or reduced their stakes in CRWD. Fairfield Bush & CO. acquired a new position in CrowdStrike during the first quarter worth $654,000. MetLife Investment Management LLC acquired a new position in CrowdStrike during the first quarter worth $2,930,000. Yousif Capital Management LLC raised its position 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 acquiring an additional 120 shares during the period. Raymond James Trust N.A. raised its position 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 acquiring an additional 769 shares during the period. Finally, Synovus Financial Corp raised its position in CrowdStrike by 14.4% during the first quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock worth $658,000 after acquiring an additional 369 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

About CrowdStrike

(Get Free Report)

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.

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