CrowdStrike (NASDAQ:CRWD) Shares Up 3.4%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price rose 3.4% during trading on Thursday . The stock traded as high as $306.77 and last traded at $305.35. Approximately 931,071 shares changed hands during trading, a decline of 73% from the average daily volume of 3,441,096 shares. The stock had previously closed at $295.44.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research analyst reports. UBS Group increased their target price on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Royal Bank of Canada raised their price objective on CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Wells Fargo & Company raised their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. increased their target price on CrowdStrike from $350.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, Robert W. Baird increased their target price on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Price Performance

The stock has a 50 day moving average of $313.50 and a two-hundred day moving average of $271.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market capitalization of $75.03 billion, a P/E ratio of 861.72, a P/E/G ratio of 12.14 and a beta of 1.08.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS 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 return on equity of 6.09% and a net margin of 2.92%. Sell-side analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other 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 transaction of $331,990.20. Following the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were 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 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 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of large investors have recently bought and sold shares of the stock. CVA Family Office LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth $26,000. Hexagon Capital Partners LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at $26,000. Silver Oak Securities Incorporated acquired a new position in shares of CrowdStrike during the third quarter valued at $27,000. Bear Mountain Capital Inc. acquired a new position in shares of CrowdStrike during the fourth quarter valued at $27,000. Finally, Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike during the first quarter valued at $30,000. 71.16% of the stock is currently owned by institutional investors.

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.