CrowdStrike (NASDAQ:CRWD) Stock Price Down 1%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) dropped 1% during mid-day trading on Wednesday . The stock traded as low as $296.02 and last traded at $296.02. Approximately 549,523 shares traded hands during trading, a decline of 85% from the average daily volume of 3,621,591 shares. The stock had previously closed at $299.15.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Piper Sandler lifted their target price on CrowdStrike from $300.00 to $400.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 6th. Royal Bank of Canada boosted their target price on shares of CrowdStrike from $357.00 to $420.00 and gave the company an "outperform" rating in a research note on Wednesday, March 6th. Raymond James assumed coverage on shares of CrowdStrike in a report on Tuesday, January 30th. They set an "outperform" rating and a $330.00 target price on the stock. Robert W. Baird lifted their price target on shares of CrowdStrike from $281.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, March 6th. Finally, Stifel Nicolaus increased their price objective on shares of CrowdStrike from $315.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $373.29.

CrowdStrike Stock Down 1.8 %

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 stock has a market capitalization of $71.03 billion, a P/E ratio of 815.83, a PEG ratio of 11.98 and a beta of 1.05. The stock's fifty day moving average is $319.23 and its two-hundred day moving average is $262.69.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released 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. The business had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction that occurred on Thursday, March 21st. The shares were 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 of the company's stock, valued at $375,176,771.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO George Kurtz sold 78,080 shares of the 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 completion of the sale, the chief executive officer now owns 1,148,102 shares in the company, valued at $375,176,771.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 18,747 shares of CrowdStrike 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 transaction, the president now owns 382,958 shares in the company, valued at approximately $124,767,716.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 223,544 shares of company stock worth $72,113,932. Company insiders own 5.68% of the company's stock.

Institutional Trading of CrowdStrike

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

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.