CrowdStrike (NASDAQ:CRWD) Trading Up 3.3%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) was up 3.3% during trading on Tuesday . The company traded as high as $299.31 and last traded at $298.60. Approximately 669,779 shares were traded during trading, a decline of 81% from the average daily volume of 3,564,879 shares. The stock had previously closed at $289.15.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CRWD shares. Jefferies Financial Group increased their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. JMP Securities raised their target price on shares of CrowdStrike from $330.00 to $400.00 and gave the stock a "market outperform" rating in a report on Wednesday, March 6th. Susquehanna raised their target price on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a "positive" rating in a report on Thursday, March 7th. Needham & Company LLC raised their target price on shares of CrowdStrike from $325.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, March 4th. Finally, BMO Capital Markets raised their target price on shares of CrowdStrike from $332.00 to $425.00 and gave the stock an "outperform" rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $371.87.

CrowdStrike Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The business's fifty day simple moving average is $316.62 and its 200-day simple moving average is $266.85. The firm has a market capitalization of $72.48 billion, a PE ratio of 832.38, a price-to-earnings-growth ratio of 11.30 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The business had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. As a group, equities research analysts expect 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 stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,019 shares of the firm's stock in a transaction on Thursday, March 21st. The stock was 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 owns 36,136 shares of the company's stock, valued at $11,773,108.80. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock valued at $72,113,932 in the last three months. 5.68% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of institutional investors have recently bought and sold shares of CRWD. Morgan Stanley lifted its position in CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company's stock worth $832,516,000 after buying an additional 2,757,251 shares during the last quarter. Norges Bank purchased a new stake in CrowdStrike in the fourth quarter worth $683,336,000. Pathstone Holdings LLC purchased a new stake in CrowdStrike in the fourth quarter worth $450,418,000. Jennison Associates LLC increased its stake in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company's stock worth $1,618,938,000 after purchasing an additional 1,581,796 shares during the period. Finally, Vanguard Group Inc. increased its stake in CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company's stock worth $4,020,299,000 after purchasing an additional 1,028,405 shares during the period. 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.