CrowdStrike (NASDAQ:CRWD) Shares Up 3.3%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was up 3.3% during mid-day trading on Tuesday . The stock traded as high as $299.31 and last traded at $298.60. Approximately 669,779 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 3,564,879 shares. The stock had previously closed at $289.15.

Wall Street Analyst Weigh In

CRWD has been the topic of several analyst reports. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Wednesday, January 17th. Royal Bank of Canada boosted their target price on shares of CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Citigroup raised their price target on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Sanford C. Bernstein began coverage on CrowdStrike in a report on Thursday, January 18th. They issued an “outperform” rating and a $334.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price objective on CrowdStrike from $350.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Stock Up 4.5 %

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $73.12 billion, a PE ratio of 829.91, a PEG ratio of 11.30 and a beta of 1.05. The firm’s fifty day moving average is $317.08 and its 200-day moving average is $265.99.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (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 business had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the 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 transaction, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The sale was disclosed in a filing with the SEC, which is available at this link. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction dated 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 owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following 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. In the last ninety days, insiders have sold 223,544 shares of company stock worth $72,113,932. Corporate insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of the company. Nations Financial Group Inc. IA ADV increased its stake in CrowdStrike by 91.0% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,908 shares of the company’s stock valued at $3,497,000 after purchasing an additional 5,198 shares during the last quarter. Sugarloaf Wealth Management LLC purchased a new stake in CrowdStrike in the 1st quarter valued at about $127,000. TrueWealth Advisors LLC acquired a new position in shares of CrowdStrike during the 1st quarter valued at about $214,000. Fifth Third Bancorp lifted its holdings in shares of CrowdStrike by 138.7% during the 1st quarter. Fifth Third Bancorp now owns 3,543 shares of the company’s stock worth $1,136,000 after acquiring an additional 2,059 shares during the period. Finally, Tyche Wealth Partners LLC boosted its position in shares of CrowdStrike by 32.8% in the first quarter. Tyche Wealth Partners LLC now owns 1,130 shares of the company’s stock worth $362,000 after acquiring an additional 279 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.