CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s stock price rose 3.7% during mid-day trading on Tuesday . The company traded as high as $474.04 and last traded at $472.64. Approximately 1,499,989 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 5,117,403 shares. The stock had previously closed at $455.59.
Analyst Ratings Changes
CRWD has been the subject of a number of recent analyst reports. DZ Bank downgraded CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective for the company. in a research note on Thursday, May 22nd. Morgan Stanley upped their price objective on CrowdStrike from $415.00 to $455.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Robert W. Baird reduced their price objective on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. BTIG Research restated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Finally, Evercore ISI upped their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $408.12.
Check Out Our Latest Stock Report on CrowdStrike
CrowdStrike Price Performance
The firm has a market capitalization of $115.46 billion, a P/E ratio of 913.39, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The business has a 50 day simple moving average of $402.56 and a two-hundred day simple moving average of $382.80.
Insiders Place Their Bets
In other news, President Michael Sentonas sold 13,543 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the transaction, the president now directly owns 405,308 shares in the company, valued at approximately $145,351,554.96. This represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 195,431 shares of company stock worth $79,162,548 in the last ninety days. 3.32% of the stock is currently owned by insiders.
Hedge Funds Weigh In On CrowdStrike
Institutional investors have recently modified their holdings of the company. Primoris Wealth Advisors LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at about $2,166,000. Arcadia Investment Management Corp MI grew its position in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after acquiring an additional 2,814 shares during the last quarter. Greenleaf Trust grew its position in CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company's stock worth $1,015,000 after acquiring an additional 1,033 shares during the last quarter. Trifecta Capital Advisors LLC grew its position in CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after acquiring an additional 8,561 shares during the last quarter. Finally, Delta Financial Group Inc. bought a new position in CrowdStrike during the 4th quarter worth approximately $336,000. 71.16% of the stock is currently owned by institutional investors.
CrowdStrike Company Profile
(
Get Free Report)
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.
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