CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.2%

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. BTIG Research lifted their price target on CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Needham & Company LLC lifted their price target on CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Macquarie reaffirmed an “outperform” rating and issued a $370.00 price target on shares of CrowdStrike in a research report on Tuesday, March 19th. KeyCorp dropped their price target on CrowdStrike from $430.00 to $376.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Canaccord Genuity Group boosted their price objective on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Stock Performance

The stock has a 50 day simple moving average of $317.72 and a 200 day simple moving average of $263.70. 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 stock has a market cap of $68.36 billion, a P/E ratio of 785.13, a price-to-earnings-growth ratio of 11.76 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The firm had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Activity

In other news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction 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 transaction, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Burt W. Podbere sold 26,097 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.61, for a total transaction of $8,497,444.17. Following the sale, the chief financial officer now owns 347,792 shares of the company’s stock, valued at approximately $113,244,553.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the firm’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 in the company, valued at approximately $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 worth $72,113,932. Insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of CRWD. Morgan Stanley boosted its holdings in shares of CrowdStrike by 124.4% during 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 in the last quarter. Norges Bank acquired a new position in CrowdStrike during the 4th quarter worth about $683,336,000. Alliancebernstein L.P. lifted its holdings in CrowdStrike by 1,593.7% during the 2nd quarter. Alliancebernstein L.P. now owns 2,643,904 shares of the company’s stock worth $388,310,000 after buying an additional 2,487,806 shares during the period. Pathstone Holdings LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $450,418,000. Finally, Jennison Associates LLC lifted its stake 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 purchasing an additional 1,581,796 shares during the period. 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.