CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.5%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was up 0.5% on Thursday . The stock traded as high as $317.45 and last traded at $315.18. Approximately 550,050 shares traded hands during trading, a decline of 84% from the average daily volume of 3,426,762 shares. The stock had previously closed at $313.76.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CRWD. Citigroup upped their price objective on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Oppenheimer increased their price objective on shares of CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Morgan Stanley boosted their price target on CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. Piper Sandler increased their price objective on CrowdStrike from $300.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Needham & Company LLC boosted their price objective on shares of CrowdStrike from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 4th. One 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.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Trading Up 1.3 %

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 business’s 50-day moving average is $313.09 and its two-hundred day moving average is $275.45. The firm has a market cap of $76.90 billion, a P/E ratio of 883.19, a P/E/G ratio of 12.41 and a beta of 1.08.

CrowdStrike (NASDAQ:CRWD) last announced 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. The business had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. As a group, analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CFO Burt W. Podbere sold 15,753 shares of CrowdStrike stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $305.15, for a total value of $4,807,027.95. Following the sale, the chief financial officer now directly owns 313,994 shares in the company, valued at approximately $95,815,269.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Burt W. Podbere sold 15,753 shares of CrowdStrike stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the sale, the chief financial officer now owns 313,994 shares of the company’s stock, valued at $95,815,269.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO George Kurtz sold 78,080 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the transaction, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 295,576 shares of company stock worth $94,052,850. Insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp boosted its holdings in shares of CrowdStrike by 92.9% in the third quarter. Mackenzie Financial Corp now owns 38,880 shares of the company’s stock valued at $6,300,000 after acquiring an additional 18,728 shares in the last quarter. Advisor Partners II LLC increased its position in shares of CrowdStrike by 33.6% during the 3rd quarter. Advisor Partners II LLC now owns 6,778 shares of the company’s stock valued at $1,135,000 after purchasing an additional 1,706 shares during the period. CENTRAL TRUST Co raised its stake in shares of CrowdStrike by 244.3% in the 3rd quarter. CENTRAL TRUST Co now owns 2,069 shares of the company’s stock worth $346,000 after buying an additional 1,468 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of CrowdStrike in the third quarter valued at $247,000. Finally, Inspire Investing LLC bought a new position in CrowdStrike during the third quarter valued at about $364,000. Institutional investors and hedge funds 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.