Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 5.7% on Tuesday . The stock traded as high as $197.90 and last traded at $197.27. Approximately 104,352 shares were traded during trading, a decline of 97% from the average daily volume of 4,168,714 shares. The stock had previously closed at $186.62.

CRWD has been the subject of several recent research reports. Truist lifted their price target on CrowdStrike from $200.00 to $250.00 in a research report on Wednesday, January 27th. Needham & Company LLC lifted their price target on CrowdStrike from $200.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, March 23rd. Mizuho lifted their price target on CrowdStrike from $205.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, February 17th. Credit Suisse Group started coverage on CrowdStrike in a research report on Tuesday, March 16th. They issued a “neutral” rating and a $225.00 price objective for the company. Finally, Oppenheimer boosted their price objective on CrowdStrike from $190.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, March 23rd. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $229.64.

The stock has a 50 day simple moving average of $201.00 and a two-hundred day simple moving average of $181.92. The company has a market cap of $43.42 billion, a price-to-earnings ratio of -404.01 and a beta of 1.32.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Monday, March 15th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.05. CrowdStrike had a negative return on equity of 12.79% and a negative net margin of 13.40%. The company had revenue of $264.90 million for the quarter, compared to analyst estimates of $250.56 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 74.2% compared to the same quarter last year. Equities analysts forecast that CrowdStrike Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

In other CrowdStrike news, insider Shawn Henry sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 19th. The stock was sold at an average price of $219.70, for a total transaction of $3,295,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gerhard Watzinger sold 20,000 shares of the company’s stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $225.00, for a total value of $4,500,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 446,015 shares of company stock worth $93,931,994. Corporate insiders own 11.32% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $3,707,000. NEXT Financial Group Inc increased its holdings in shares of CrowdStrike by 19.1% in the 4th quarter. NEXT Financial Group Inc now owns 2,958 shares of the company’s stock valued at $627,000 after acquiring an additional 475 shares during the last quarter. Dfpg Investments LLC increased its holdings in shares of CrowdStrike by 285.5% in the 4th quarter. Dfpg Investments LLC now owns 8,673 shares of the company’s stock valued at $1,940,000 after acquiring an additional 6,423 shares during the last quarter. CIBC World Markets Inc. increased its holdings in shares of CrowdStrike by 68.8% in the 4th quarter. CIBC World Markets Inc. now owns 47,932 shares of the company’s stock valued at $10,153,000 after acquiring an additional 19,536 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of CrowdStrike by 1,537.3% in the 4th quarter. Strs Ohio now owns 88,412 shares of the company’s stock valued at $18,727,000 after acquiring an additional 83,012 shares during the last quarter. Institutional investors and hedge funds own 60.00% of the company’s stock.

CrowdStrike Company Profile (NASDAQ:CRWD)

CrowdStrike Holdings, Inc provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. It offers 19 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

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