CrowdStrike (NASDAQ:CRWD) Trading 0.2% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price was up 0.2% during mid-day trading on Thursday . The stock traded as high as $295.13 and last traded at $294.35. Approximately 675,287 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 3,605,711 shares. The stock had previously closed at $293.69.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CRWD shares. DA Davidson boosted their price objective on CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. BMO Capital Markets upped their price target on CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a research note 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. Morgan Stanley lifted their price target on shares of CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Finally, Evercore ISI raised their price objective on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Stock Up 0.1 %

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 stock has a market cap of $71.09 billion, a P/E ratio of 817.66, a P/E/G ratio of 11.96 and a beta of 1.05. The stock’s fifty day simple moving average is $319.23 and its 200-day simple moving average is $262.69.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share 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 during the quarter, compared to the consensus estimate of $839.08 million. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of the company’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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, 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 sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were 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 directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 223,544 shares of company stock valued at $72,113,932. Company insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CRWD. Fairfield Bush & CO. bought a new position in shares of CrowdStrike in the first quarter valued at $654,000. MetLife Investment Management LLC bought a new position in shares of CrowdStrike in the first quarter valued at $2,930,000. Yousif Capital Management LLC raised its holdings 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 last quarter. Raymond James Trust N.A. raised its holdings 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 last quarter. Finally, Synovus Financial Corp raised its holdings 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 last quarter. 71.16% of the stock is 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.