CrowdStrike (NASDAQ:CRWD) Trading 2.2% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) rose 2.2% during mid-day trading on Wednesday . The company traded as high as $338.66 and last traded at $336.69. Approximately 1,006,803 shares changed hands during trading, a decline of 70% from the average daily volume of 3,387,268 shares. The stock had previously closed at $329.55.

Analyst Ratings Changes

Several analysts recently commented on the stock. Evercore ISI upped their price target on shares of CrowdStrike from $255.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday, March 6th. BMO Capital Markets boosted their price target on CrowdStrike from $332.00 to $425.00 and gave the company an "outperform" rating in a research note on Wednesday, March 6th. Susquehanna increased their price objective on CrowdStrike from $330.00 to $410.00 and gave the stock a "positive" rating in a research report on Thursday, March 7th. Jefferies Financial Group boosted their target price 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. Finally, Oppenheimer raised their price target on shares of CrowdStrike from $300.00 to $355.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $371.87.

CrowdStrike Stock Up 4.1 %

The stock has a market capitalization of $82.99 billion, a P/E ratio of 936.66, a P/E/G ratio of 12.77 and a beta of 1.08. 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 firm has a 50-day simple moving average of $313.84 and a 200 day simple moving average of $280.25.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Insider Buying and Selling

In related news, 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 transaction of $331,990.20. Following the completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction 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 sale, the insider now directly owns 208,961 shares of the company's stock, valued at approximately $64,525,067.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction 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 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 have sold a total of 295,576 shares of company stock valued at $94,052,850 over the last 90 days. 4.34% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CVA Family Office LLC bought a new position in shares of CrowdStrike in the 4th quarter worth about $26,000. Hexagon Capital Partners LLC bought a new stake in CrowdStrike in the fourth quarter worth approximately $26,000. Silver Oak Securities Incorporated acquired a new position in CrowdStrike in the third quarter valued at approximately $27,000. Bear Mountain Capital Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $27,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 71.16% of the company's stock.

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.

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