CrowdStrike (NASDAQ:CRWD) Shares Up 0.3%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded up 0.3% during trading on Wednesday . The company traded as high as $304.82 and last traded at $300.53. 473,170 shares were traded during trading, a decline of 87% from the average session volume of 3,551,372 shares. The stock had previously closed at $299.65.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, January 17th. KeyCorp cut their price target on shares of CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. TD Cowen raised their price target on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, DA Davidson raised their price objective on shares of CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Stock Up 1.3 %

The firm’s 50-day simple moving average is $315.21 and its 200 day simple moving average is $267.28. 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 capitalization of $72.98 billion, a P/E ratio of 827.86, a PEG ratio of 11.90 and a beta of 1.05.

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

Insider Activity

In other news, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 14,815 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total value of $4,827,467.75. Following the sale, the insider now owns 235,850 shares in the company, valued at $76,851,722.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction that occurred 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 owns 1,148,102 shares in the company, valued at approximately $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 valued at $72,113,932. 5.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently modified their holdings of CRWD. Capital Investment Advisors LLC acquired a new position in shares of CrowdStrike during the third quarter valued at about $277,000. DAVENPORT & Co LLC boosted its holdings in CrowdStrike by 42.6% during the third quarter. DAVENPORT & Co LLC now owns 2,813 shares of the company’s stock worth $471,000 after purchasing an additional 841 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in CrowdStrike by 70.8% during the third quarter. Exchange Traded Concepts LLC now owns 9,552 shares of the company’s stock worth $1,599,000 after purchasing an additional 3,960 shares during the last quarter. Private Trust Co. NA boosted its stake in CrowdStrike by 106.7% in the third quarter. Private Trust Co. NA now owns 1,980 shares of the company’s stock valued at $331,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Caprock Group LLC boosted its stake in CrowdStrike by 3.4% in the third quarter. Caprock Group LLC now owns 2,402 shares of the company’s stock valued at $402,000 after acquiring an additional 80 shares during the last quarter. Institutional investors 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.