CrowdStrike (NASDAQ:CRWD) Trading 1.3% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price was up 1.3% during trading on Monday . The stock traded as high as $315.67 and last traded at $314.21. Approximately 1,170,826 shares traded hands during trading, a decline of 66% from the average daily volume of 3,457,907 shares. The stock had previously closed at $310.21.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Sanford C. Bernstein assumed coverage on shares of CrowdStrike in a report on Thursday, January 18th. They set an “outperform” rating and a $334.00 price objective on the stock. Canaccord Genuity Group raised their price objective on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. JMP Securities upped their price target on shares of CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a report on Wednesday, March 6th. Rosenblatt Securities restated a “buy” rating and set a $400.00 target price on shares of CrowdStrike in a report on Monday, April 8th. Finally, Evercore ISI lifted their price target on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Price Performance

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’s 50-day moving average is $313.47 and its 200 day moving average is $273.30. The stock has a market capitalization of $76.87 billion, a PE ratio of 872.83, a P/E/G ratio of 12.41 and a beta of 1.08.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $839.08 million. As a group, equities 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, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 1,148,102 shares in the company, valued at $375,176,771.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after purchasing an additional 1,028,405 shares during the period. Jennison Associates LLC boosted its position in CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after purchasing an additional 1,581,796 shares during the period. Morgan Stanley grew its stake in CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after buying an additional 2,757,251 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of CrowdStrike by 17.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock valued at $463,482,000 after purchasing an additional 419,619 shares during the period. Finally, Norges Bank purchased a new stake in shares of CrowdStrike in the fourth quarter worth about $683,336,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.