CrowdStrike (NASDAQ:CRWD) Trading 0.3% Higher

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) traded up 0.3% during trading on Wednesday . The stock traded as high as $304.82 and last traded at $300.53. 473,170 shares were traded during mid-day trading, a decline of 87% from the average session volume of 3,551,372 shares. The stock had previously closed at $299.65.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Truist Financial raised their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Royal Bank of Canada raised their target price on shares of CrowdStrike from $357.00 to $420.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 6th. Canaccord Genuity Group raised their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. 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 research note on Wednesday, March 6th. Finally, Morgan Stanley raised their price objective on shares of CrowdStrike from $304.00 to $372.00 and gave the company an "overweight" rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to data from MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $371.87.

CrowdStrike Trading Down 0.7 %

The business's fifty day moving average is $315.88 and its 200-day moving average is $267.07. The stock has a market capitalization of $71.99 billion, a PE ratio of 826.75, a P/E/G ratio of 11.56 and a beta of 1.05. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results 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 firm had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction that occurred on Monday, April 15th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now directly owns 208,961 shares of the company's stock, valued at $64,525,067.19. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total transaction of $4,752,300.00. Following the transaction, the director now directly owns 839,234 shares in the company, valued at $265,886,115.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Shepherd Financial Partners LLC lifted its position in CrowdStrike by 1.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company's stock valued at $645,000 after buying an additional 36 shares in the last quarter. Cigna Investments Inc. New lifted its position in shares of CrowdStrike by 1.7% during the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company's stock worth $592,000 after purchasing an additional 38 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of CrowdStrike by 2.2% during the first quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company's stock worth $582,000 after purchasing an additional 39 shares in the last quarter. Albion Financial Group UT lifted its position in shares of CrowdStrike by 3.7% during the first quarter. Albion Financial Group UT now owns 1,096 shares of the company's stock worth $351,000 after purchasing an additional 39 shares in the last quarter. Finally, Pier 88 Investment Partners LLC lifted its position in shares of CrowdStrike by 0.9% during the fourth quarter. Pier 88 Investment Partners LLC now owns 4,690 shares of the company's stock worth $1,197,000 after purchasing an additional 40 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.