CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.9%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) rose 0.9% during mid-day trading on Wednesday . The stock traded as high as $315.08 and last traded at $313.52. Approximately 802,539 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 3,738,037 shares. The stock had previously closed at $310.77.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CRWD. BTIG Research lifted their price objective on shares of CrowdStrike from $322.00 to $432.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. Piper Sandler lifted their price target on CrowdStrike from $300.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday, March 6th. Sanford C. Bernstein initiated coverage on CrowdStrike in a report on Thursday, January 18th. They set an "outperform" rating and a $334.00 price objective on the stock. Citigroup raised their target price on CrowdStrike from $320.00 to $425.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. Finally, Needham & Company LLC boosted their price objective on shares of CrowdStrike from $325.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $373.29.

CrowdStrike Stock Up 0.6 %

The company has a market capitalization of $75.59 billion, a P/E ratio of 870.91, a PEG ratio of 12.55 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The company has a 50 day moving average of $318.95 and a 200-day moving average of $257.39.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $839.08 million. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,019 shares of the firm's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Sameer K. Gandhi sold 15,000 shares of the company's stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $316.82, for a total value of $4,752,300.00. Following the sale, the director now directly owns 839,234 shares of the company's stock, valued at $265,886,115.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the firm's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the transaction, 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. In the last ninety days, insiders have sold 301,667 shares of company stock valued at $94,227,350. 5.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Coppell Advisory Solutions Corp. purchased a new position in CrowdStrike during the fourth quarter valued at $25,000. CVA Family Office LLC bought a new position in CrowdStrike in the 4th quarter worth about $26,000. Hexagon Capital Partners LLC purchased a new stake in CrowdStrike during the 4th quarter valued at about $26,000. Silver Oak Securities Incorporated bought a new stake in CrowdStrike during the 3rd quarter valued at about $27,000. Finally, Bear Mountain Capital Inc. purchased a new position in CrowdStrike in the fourth quarter worth about $27,000. 71.16% of the stock is currently owned by institutional investors.

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.