CrowdStrike (NASDAQ:CRWD) Shares Up 0.1%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was up 0.1% during mid-day trading on Tuesday . The stock traded as high as $301.65 and last traded at $299.78. Approximately 566,668 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 3,646,921 shares. The stock had previously closed at $299.50.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CRWD shares. Guggenheim lifted their price target on shares of CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. HSBC lifted their price target on shares of CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group lifted their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. JMP Securities lifted their price target on shares of CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a research report on Wednesday, March 6th. Finally, Morgan Stanley raised their price objective on CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $373.29.

CrowdStrike Trading Up 0.3 %

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The firm has a market cap of $72.66 billion, a P/E ratio of 832.75, a P/E/G ratio of 12.36 and a beta of 1.05. The company’s 50 day simple moving average is $319.77 and its 200-day simple moving average is $261.55.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. The business had revenue of $845.34 million during 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, research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,019 shares of the firm’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 transaction of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, President Michael Sentonas sold 18,747 shares of CrowdStrike 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 transaction, the president now owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The disclosure for this sale can be found here. Insiders sold a total of 219,544 shares of company stock valued at $70,878,772 over the last 90 days. Insiders own 5.68% of the company’s stock.

Institutional Trading of CrowdStrike

Institutional investors have recently added to or reduced their stakes in the business. Fairfield Bush & CO. bought a new position in shares of CrowdStrike in the first quarter valued at approximately $654,000. MetLife Investment Management LLC bought a new position in shares of CrowdStrike in the first quarter valued at approximately $2,930,000. Yousif Capital Management LLC raised its position in shares of CrowdStrike by 4.3% in the first quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock valued at $666,000 after purchasing an additional 120 shares during the period. Raymond James Trust N.A. raised its position in shares of CrowdStrike by 37.3% in the first quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock valued at $643,000 after purchasing an additional 769 shares during the period. Finally, Synovus Financial Corp raised its position 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 institutional investors and hedge funds.

CrowdStrike Company Profile

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.