CrowdStrike (NASDAQ:CRWD) Stock Price Down 0%

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) were down 0% on Thursday . The stock traded as low as $310.14 and last traded at $312.41. Approximately 315,543 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 3,705,513 shares. The stock had previously closed at $312.53.

Analyst Ratings Changes

Several research analysts recently weighed in on CRWD shares. Barclays upped their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 6th. Scotiabank upped their price objective on shares of CrowdStrike from $320.00 to $400.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 6th. Truist Financial increased their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Wedbush raised their target price on shares of CrowdStrike from $278.00 to $350.00 and gave the stock an "outperform" rating in a report on Tuesday, March 5th. Finally, Piper Sandler raised their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $373.29.

CrowdStrike Stock Up 1.7 %

The company's 50 day simple moving average is $319.35 and its 200-day simple moving average is $257.78. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The firm has a market cap of $76.87 billion, a P/E ratio of 867.81, a PEG ratio of 12.55 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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 net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million for the quarter, compared to analysts' expectations of $839.08 million. Research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total value of $4,752,300.00. Following the completion of the sale, the director now directly owns 839,234 shares of the company's stock, valued at approximately $265,886,115.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total value of $4,752,300.00. Following the completion of the sale, the director now directly owns 839,234 shares of the company's stock, valued at approximately $265,886,115.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 22,123 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $286.00, for a total transaction of $6,327,178.00. Following the completion of the sale, the president now directly owns 311,872 shares of the company's stock, valued at $89,195,392. The disclosure for this sale can be found here. In the last ninety days, insiders sold 241,667 shares of company stock valued at $77,205,950. 5.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in the stock. Fort Pitt Capital Group LLC grew its holdings in CrowdStrike by 6.1% during the 1st quarter. Fort Pitt Capital Group LLC now owns 2,462 shares of the company's stock valued at $789,000 after buying an additional 141 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of CrowdStrike by 25.0% in the first quarter. Ballentine Partners LLC now owns 1,772 shares of the company's stock valued at $568,000 after purchasing an additional 354 shares in the last quarter. Unique Wealth LLC purchased a new position in shares of CrowdStrike in the first quarter valued at $208,000. International Assets Investment Management LLC grew its holdings in shares of CrowdStrike by 61.6% in the first quarter. International Assets Investment Management LLC now owns 4,647 shares of the company's stock valued at $1,485,000 after purchasing an additional 1,771 shares in the last quarter. Finally, &PARTNERS grew its holdings in shares of CrowdStrike by 118.9% in the first quarter. &PARTNERS now owns 1,834 shares of the company's stock valued at $588,000 after purchasing an additional 996 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.