CrowdStrike (NASDAQ:CRWD) Trading Up 0.2%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price shot up 0.2% on Thursday . The company traded as high as $295.13 and last traded at $294.35. 675,287 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 3,605,711 shares. The stock had previously closed at $293.69.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets raised their target price on CrowdStrike from $332.00 to $425.00 and gave the company an "outperform" rating in a report on Wednesday, March 6th. TD Cowen boosted their price target on CrowdStrike from $340.00 to $400.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 6th. Citigroup raised their price objective on CrowdStrike from $320.00 to $425.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Rosenblatt Securities reiterated a "buy" rating and set a $400.00 target price on shares of CrowdStrike in a research report on Monday, April 8th. Finally, HSBC boosted their price objective on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average price target of $371.87.

CrowdStrike Trading Up 0.1 %

The stock has a market capitalization of $71.13 billion, a P/E ratio of 816.97, a price-to-earnings-growth ratio of 11.96 and a beta of 1.05. The business has a 50 day simple moving average of $318.65 and a 200-day simple moving average of $262.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating 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. On average, analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the company's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the transaction, the chief executive officer now owns 1,148,102 shares of the company's stock, valued at $375,176,771.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the transaction, the chief executive officer now directly owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 18,747 shares of the company'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 $6,107,772.60. Following the sale, the president now directly owns 382,958 shares of the company's stock, valued at $124,767,716.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 223,544 shares of company stock worth $72,113,932. Corporate insiders own 5.68% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Fairfield Bush & CO. acquired a new stake in CrowdStrike during the 1st quarter valued at $654,000. MetLife Investment Management LLC purchased a new position in shares of CrowdStrike during the first quarter valued at $2,930,000. Yousif Capital Management LLC raised its position in CrowdStrike by 4.3% during the first quarter. Yousif Capital Management LLC now owns 2,934 shares of the company's stock valued at $666,000 after buying an additional 120 shares during the period. Raymond James Trust N.A. lifted its stake in CrowdStrike by 37.3% in the 1st quarter. Raymond James Trust N.A. now owns 2,830 shares of the company's stock worth $643,000 after acquiring an additional 769 shares in the last quarter. Finally, Synovus Financial Corp lifted its stake in CrowdStrike by 14.4% in the 1st quarter. Synovus Financial Corp now owns 2,930 shares of the company's stock worth $658,000 after acquiring an additional 369 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other 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.