CrowdStrike (NASDAQ:CRWD) Trading Down 1.8%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 1.8% during trading on Thursday . The stock traded as low as $287.91 and last traded at $292.21. 646,361 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 3,529,054 shares. The stock had previously closed at $297.62.

Wall Street Analyst Weigh In

Several research firms have weighed in on CRWD. Citigroup boosted their price target on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Needham & Company LLC boosted their target price on CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Evercore ISI boosted their price target on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Piper Sandler boosted their price target on CrowdStrike from $300.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada boosted their price target on CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Stock Up 0.1 %

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 company has a market cap of $72.08 billion, a price-to-earnings ratio of 824.92, a P/E/G ratio of 11.98 and a beta of 1.05. The stock’s 50-day moving average is $315.88 and its 200-day moving average is $267.07.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data 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. 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, analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was 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 in the company, valued at $375,176,771.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other 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 owns 36,136 shares in the company, valued at $11,773,108.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 value of $25,514,982.40. Following the sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock worth $72,113,932 over the last quarter. 5.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently bought and sold shares of the stock. Shepherd Financial Partners LLC grew its holdings in CrowdStrike by 1.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after buying an additional 36 shares in the last quarter. Cigna Investments Inc. New boosted its position in CrowdStrike by 1.7% in the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after purchasing an additional 38 shares during the last quarter. Venturi Wealth Management LLC boosted its position in CrowdStrike by 2.2% in the first quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock worth $582,000 after purchasing an additional 39 shares during the last quarter. Albion Financial Group UT boosted its position in CrowdStrike by 3.7% in the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock worth $351,000 after purchasing an additional 39 shares during the last quarter. Finally, Pier 88 Investment Partners LLC boosted its position in CrowdStrike by 0.9% in the fourth quarter. Pier 88 Investment Partners LLC now owns 4,690 shares of the company’s stock worth $1,197,000 after purchasing an additional 40 shares during the last quarter. 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.