CrowdStrike (NASDAQ:CRWD) Trading 1.3% Higher

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares rose 1.3% during mid-day trading on Monday . The company traded as high as $315.67 and last traded at $314.21. Approximately 1,170,826 shares traded hands during trading, a decline of 66% from the average daily volume of 3,457,907 shares. The stock had previously closed at $310.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JMP Securities lifted their price objective on shares of CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a report on Wednesday, March 6th. Jefferies Financial Group increased their price objective on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Royal Bank of Canada raised their price objective on CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. UBS Group upped their target price on CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, DA Davidson raised their price target on CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Price Performance

The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $75.89 billion, a price-to-earnings ratio of 871.58, a P/E/G ratio of 12.41 and a beta of 1.08. The firm has a 50-day simple moving average of $313.23 and a two-hundred day simple moving average of $275.18.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm 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%. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the completion of the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at $348,868,471.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value of $17,131,890.39. Following the sale, the chief executive officer now owns 1,146,048 shares in the company, valued at $348,868,471.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 15,753 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the transaction, the chief financial officer now owns 313,994 shares of the company’s stock, valued at approximately $95,815,269.10. The disclosure for this sale can be found here. Insiders have sold 295,576 shares of company stock worth $94,052,850 in the last ninety days. Company insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently modified their holdings of the business. Morgan Stanley increased its stake in shares of CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after acquiring an additional 2,757,251 shares during the last quarter. Norges Bank acquired a new stake in CrowdStrike during the fourth quarter worth about $683,336,000. Pathstone Holdings LLC purchased a new position in CrowdStrike during the fourth quarter worth about $450,418,000. Jennison Associates LLC grew its stake in shares of CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of CrowdStrike by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after buying an additional 1,028,405 shares during the last quarter. Hedge funds and other 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.