CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.5%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares were down 0.5% during mid-day trading on Monday . The company traded as low as $307.36 and last traded at $307.62. Approximately 550,220 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 3,662,411 shares. The stock had previously closed at $309.05.

Analysts Set New Price Targets

Several research analysts have weighed in on CRWD shares. JMP Securities increased their target price on shares of CrowdStrike from $330.00 to $400.00 and gave the stock a “market outperform” rating in a research note on Wednesday, March 6th. The Goldman Sachs Group increased their target price on shares of CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Truist Financial increased their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. BMO Capital Markets increased their target price on shares of CrowdStrike from $332.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Thursday, March 14th. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.29.

CrowdStrike Stock Performance

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 $72.36 billion, a PE ratio of 831.00, a price-to-earnings-growth ratio of 11.98 and a beta of 1.05. The firm has a fifty day simple moving average of $319.71 and a 200-day simple moving average of $262.47.

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

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 14,815 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total value of $4,827,467.75. Following the transaction, the insider now directly owns 235,850 shares in the company, valued at $76,851,722.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Burt W. Podbere sold 64,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the completion of the sale, the chief financial officer now owns 306,508 shares in the company, valued at $97,003,651.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 14,815 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the completion of the transaction, the insider now directly owns 235,850 shares in the company, valued at $76,851,722.50. The disclosure for this sale can be found here. Insiders sold a total of 219,544 shares of company stock worth $70,878,772 in the last 90 days. 5.68% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MCF Advisors LLC purchased a new position in CrowdStrike during the first quarter worth about $32,000. Webster Bank N. A. raised its stake in shares of CrowdStrike by 2,030.0% during the 1st quarter. Webster Bank N. A. now owns 639 shares of the company’s stock worth $205,000 after buying an additional 609 shares in the last quarter. KRS Capital Management LLC raised its stake in shares of CrowdStrike by 4.2% during the 1st quarter. KRS Capital Management LLC now owns 3,805 shares of the company’s stock worth $1,220,000 after buying an additional 155 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at approximately $244,000. Finally, Register Financial Advisors LLC acquired a new position in CrowdStrike during the first quarter worth $127,000. 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.