CrowdStrike (NASDAQ:CRWD) Trading 3.3% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded up 3.3% during trading on Tuesday . The company traded as high as $299.31 and last traded at $298.60. 669,779 shares traded hands during trading, a decline of 81% from the average session volume of 3,564,879 shares. The stock had previously closed at $289.15.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Wednesday, January 17th. Susquehanna increased their price target on shares of CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a report on Thursday, March 7th. DA Davidson increased their price target on shares of CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Rosenblatt Securities reiterated a “buy” rating and set a $400.00 price target on shares of CrowdStrike in a report on Monday, April 8th. Finally, Guggenheim raised their target price on shares of CrowdStrike from $358.00 to $424.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Stock Down 0.7 %

The company has a market capitalization of $71.99 billion, a PE ratio of 826.75, a PEG ratio of 11.98 and a beta of 1.05. The company’s 50 day moving average is $315.88 and its two-hundred day moving average is $267.07. 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) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of CrowdStrike stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the transaction, the chief accounting officer now directly owns 34,350 shares of the company’s stock, valued at approximately $11,387,712. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of CrowdStrike stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the transaction, the chief accounting officer now directly owns 34,350 shares of the company’s stock, valued at approximately $11,387,712. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 223,544 shares of company stock valued at $72,113,932. Corporate insiders own 5.68% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC purchased a new position in shares of CrowdStrike during the 1st quarter worth about $30,000. CVA Family Office LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth about $26,000. Hexagon Capital Partners LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth about $26,000. Future Financial Wealth Managment LLC purchased a new position in shares of CrowdStrike during the 1st quarter worth about $32,000. Finally, MCF Advisors LLC purchased a new position in shares of CrowdStrike during the 1st quarter worth about $32,000. 71.16% of the stock is owned by hedge funds and other 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.