CrowdStrike (NASDAQ:CRWD) Trading Down 1.8%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was down 1.8% during trading on Thursday . The company traded as low as $287.91 and last traded at $292.21. Approximately 646,361 shares were traded during trading, a decline of 82% from the average daily volume of 3,529,054 shares. The stock had previously closed at $297.62.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CRWD. Sanford C. Bernstein began coverage on CrowdStrike in a research note on Thursday, January 18th. They issued an “outperform” rating and a $334.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on CrowdStrike from $350.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Stifel Nicolaus increased their target price on shares of CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Robert W. Baird boosted 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, UBS Group increased their price objective on shares of CrowdStrike from $385.00 to $430.00 and gave the company 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Price Performance

The stock’s 50-day moving average price is $315.88 and its 200 day moving average price 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. The firm has a market capitalization of $72.08 billion, a price-to-earnings ratio of 824.92, a PEG ratio of 11.98 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The company had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CrowdStrike news, insider Shawn Henry sold 14,815 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.85, for a total value of $4,827,467.75. Following the completion of the transaction, the insider now directly owns 235,850 shares of the company’s stock, valued at approximately $76,851,722.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the 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 sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders sold 223,544 shares of company stock worth $72,113,932 in the last 90 days. Insiders own 5.68% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRWD. CVA Family Office LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth about $26,000. Hexagon Capital Partners LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $26,000. Silver Oak Securities Incorporated acquired a new position in CrowdStrike during the 3rd quarter worth approximately $27,000. Bear Mountain Capital Inc. acquired a new position in CrowdStrike during the 4th quarter worth approximately $27,000. Finally, Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.