CrowdStrike (NASDAQ:CRWD) Shares Down 0%

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRWD. UBS Group raised their price objective on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Sanford C. Bernstein initiated coverage on CrowdStrike in a research report on Thursday, January 18th. They issued an “outperform” rating and a $334.00 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 price target on shares of CrowdStrike in a research report on Thursday, March 14th. The Goldman Sachs Group lifted their price target on CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, KeyCorp lifted their price objective on CrowdStrike from $375.00 to $430.00 and gave the stock an “overweight” 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $373.29.

CrowdStrike Trading Down 2.8 %

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 $74.75 billion, a price-to-earnings ratio of 858.50, a PEG ratio of 12.71 and a beta of 1.05. The business has a 50 day simple moving average of $319.83 and a 200-day simple moving average of $259.23.

CrowdStrike (NASDAQ:CRWD) last posted 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 company had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other news, President Michael Sentonas sold 22,123 shares of the company’s stock in a transaction dated 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 transaction, the president now directly owns 311,872 shares of the company’s stock, valued at $89,195,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, 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 transaction, the president now directly owns 311,872 shares of the company’s stock, valued at $89,195,392. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the transaction, the chief accounting officer now directly 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 sold 241,667 shares of company stock valued at $77,205,950 over the last three months. Company insiders own 5.68% of the company’s stock.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently bought and sold shares of the business. Evanson Asset Management LLC raised its stake in CrowdStrike by 10.6% in the first quarter. Evanson Asset Management LLC now owns 5,594 shares of the company’s stock valued at $1,793,000 after buying an additional 538 shares during the period. Riverview Trust Co bought a new stake in CrowdStrike in the first quarter valued at approximately $36,000. Strategic Planning Group LLC raised its stake in CrowdStrike by 8.9% in the first quarter. Strategic Planning Group LLC now owns 10,406 shares of the company’s stock valued at $3,336,000 after buying an additional 853 shares during the period. Global Assets Advisory LLC bought a new position in shares of CrowdStrike during the first quarter worth approximately $21,004,000. Finally, Traynor Capital Management Inc. increased its stake in shares of CrowdStrike by 17.0% during the first quarter. Traynor Capital Management Inc. now owns 43,300 shares of the company’s stock worth $13,881,000 after purchasing an additional 6,279 shares during the period. Institutional investors own 71.16% of the company’s stock.

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.