CrowdStrike (NASDAQ:CRWD) Trading Up 3.4%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 3.4% during mid-day trading on Thursday . The company traded as high as $306.77 and last traded at $305.35. Approximately 931,071 shares traded hands during trading, a decline of 73% from the average daily volume of 3,441,096 shares. The stock had previously closed at $295.44.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Jefferies Financial Group lifted their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. UBS Group upped their target price on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Royal Bank of Canada boosted their price objective on shares of CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, Citigroup increased their target price on CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Stock Up 2.7 %

The business has a 50-day moving average price of $313.64 and a 200-day moving average price of $271.03. The firm has a market cap of $73.42 billion, a P/E ratio of 848.22, a P/E/G ratio of 11.70 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD) last posted its 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. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The company had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. On average, equities analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity

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

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. increased its position in shares of CrowdStrike by 2.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock valued at $934,000 after buying an additional 141 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in CrowdStrike in the 4th quarter valued at $1,228,000. Financial Counselors Inc. increased its holdings in CrowdStrike by 3.9% in the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after acquiring an additional 50 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its position in CrowdStrike by 17.1% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after acquiring an additional 23,265 shares during the period. Finally, Highland Capital Management LLC raised its position in shares of CrowdStrike by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after purchasing an additional 181 shares during the last quarter. 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.