CrowdStrike (NASDAQ:CRWD) Stock Price Up 1%

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 1% during trading on Thursday . The company traded as high as $327.65 and last traded at $325.35. Approximately 524,964 shares were traded during trading, a decline of 87% from the average daily volume of 3,960,747 shares. The stock had previously closed at $322.25.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Wednesday, January 17th. Evercore ISI upped their target price on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Scotiabank raised their target price on CrowdStrike from $320.00 to $400.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 6th. TD Cowen increased their price target on CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, Oppenheimer boosted their target price on shares of CrowdStrike from $300.00 to $355.00 and gave the stock an “outperform” rating in a research report 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $373.29.

CrowdStrike Trading Down 0.5 %

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 company has a market cap of $77.54 billion, a P/E ratio of 892.16, a P/E/G ratio of 13.40 and a beta of 1.06. The business has a 50-day moving average price of $315.08 and a two-hundred day moving average price of $247.33.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the sale, the chief accounting officer now owns 34,350 shares in the company, valued at approximately $11,387,712. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,786 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the transaction, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at $11,387,712. The disclosure for this sale can be found here. In the last three months, insiders have sold 237,667 shares of company stock worth $72,822,280. Company insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently made changes to their positions in the company. Nomura Holdings Inc. bought a new position in CrowdStrike in the 4th quarter valued at approximately $1,879,000. HighPoint Advisor Group LLC bought a new position in CrowdStrike during the 4th quarter valued at $2,469,000. PNC Financial Services Group Inc. increased its position in shares of CrowdStrike by 16.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 40,603 shares of the company’s stock valued at $10,367,000 after acquiring an additional 5,884 shares during the last quarter. Skyline Advisors Inc. purchased a new stake in CrowdStrike in the fourth quarter worth $338,000. Finally, Leo Wealth LLC purchased a new stake in CrowdStrike during the fourth quarter valued at about $171,000. 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.