CrowdStrike (NASDAQ:CRWD) Trading 0.7% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price was up 0.7% during trading on Friday . The company traded as high as $308.50 and last traded at $305.52. Approximately 1,110,895 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 3,449,203 shares. The stock had previously closed at $303.54.

Analysts Set New Price Targets

CRWD has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Monday, April 8th. Raymond James started coverage on shares of CrowdStrike in a report on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 price target for the company. JMP Securities upped their price target on shares of CrowdStrike from $330.00 to $400.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group boosted their target price on CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Trading Up 2.2 %

The company has a market capitalization of $75.03 billion, a PE ratio of 861.69, a price-to-earnings-growth ratio of 12.14 and a beta of 1.08. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average price is $313.47 and its two-hundred day moving average price is $272.11.

CrowdStrike (NASDAQ:CRWD) 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. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The business had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The shares were 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 approximately $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the business. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike in the 1st quarter worth approximately $30,000. CVA Family Office LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $26,000. Hexagon Capital Partners LLC bought a new position in CrowdStrike in the 4th quarter worth $26,000. Future Financial Wealth Managment LLC bought a new position in shares of CrowdStrike in the first quarter worth about $32,000. Finally, MCF Advisors LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at approximately $32,000. 71.16% of the stock is currently 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.