CrowdStrike (NASDAQ:CRWD) Trading 0.3% Higher

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 0.3% during mid-day trading on Thursday . The company traded as high as $350.41 and last traded at $346.34. 511,101 shares were traded during mid-day trading, a decline of 85% from the average session volume of 3,314,811 shares. The stock had previously closed at $345.42.

Wall Street Analyst Weigh In

CRWD has been the subject of several recent analyst reports. Evercore ISI upped their price objective on shares of CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. increased their price objective on CrowdStrike from $350.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Mizuho boosted their target price on CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Canaccord Genuity Group raised their price target on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Susquehanna boosted their price objective on shares of CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Price Performance

The firm has a market cap of $82.80 billion, a P/E ratio of 953.89, a P/E/G ratio of 13.97 and a beta of 1.08. The firm’s fifty day simple moving average is $316.05 and its 200 day simple moving average is $286.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The business had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. As a group, analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Activity

In other news, CEO George Kurtz sold 78,080 shares of the stock in a transaction 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 $375,176,771.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,019 shares of the 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 transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders sold 317,000 shares of company stock valued at $101,229,160 in the last ninety days. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley boosted its holdings in shares of CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after acquiring an additional 2,757,251 shares during the last quarter. Norges Bank acquired a new stake in CrowdStrike during the 4th quarter worth about $683,336,000. Pathstone Holdings LLC purchased a new position in shares of CrowdStrike during the 4th quarter valued at about $450,418,000. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares during the period. Finally, Vanguard Group Inc. boosted 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 worth $4,020,299,000 after buying an additional 1,028,405 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.