CrowdStrike (NASDAQ:CRWD) Shares Up 2.7% - Here's What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares traded up 2.7% during trading on Tuesday . The company traded as high as $442.08 and last traded at $441.13. 1,086,469 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 3,996,442 shares. The stock had previously closed at $429.44.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank of Canada restated an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Morgan Stanley upped their price target on CrowdStrike from $415.00 to $455.00 and gave the stock an "overweight" rating in a research report on Thursday. Cantor Fitzgerald restated an "overweight" rating and issued a $440.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Piper Sandler set a $347.00 price objective on CrowdStrike in a research note on Wednesday, March 5th. Finally, Raymond James lowered CrowdStrike from an "outperform" rating to a "cautious" rating in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $403.56.

CrowdStrike Stock Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a fifty day moving average price of $381.19 and a two-hundred day moving average price of $372.47. The stock has a market capitalization of $106.29 billion, a PE ratio of 841.23, a P/E/G ratio of 17.86 and a beta of 1.22.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 2,547 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $365.96, for a total value of $932,100.12. Following the transaction, the insider now owns 82,071 shares in the company, valued at $30,034,703.16. The trade was a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 189,431 shares of company stock worth $76,275,228. 3.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. FSA Wealth Management LLC increased its holdings in CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares during the period. Jacobi Capital Management LLC increased its holdings in shares of CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after acquiring an additional 25 shares during the period. Tradewinds Capital Management LLC increased its holdings in shares of CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after acquiring an additional 25 shares during the period. Close Asset Management Ltd increased its holdings in shares of CrowdStrike by 23.8% in the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after acquiring an additional 25 shares during the period. Finally, Ramirez Asset Management Inc. increased its holdings in shares of CrowdStrike by 5.9% in the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after acquiring an additional 25 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.