CrowdStrike (NASDAQ:CRWD) Trading Up 1.3%

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CRWD shares. Royal Bank of Canada increased their price objective on CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Oppenheimer raised their price target on shares of CrowdStrike from $300.00 to $355.00 and gave the stock an “outperform” 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 research report on Wednesday, March 6th. Rosenblatt Securities reissued a “buy” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, April 8th. Finally, Guggenheim upped their price target on shares of CrowdStrike from $358.00 to $424.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Stock Up 2.4 %

The firm’s 50-day simple moving average is $313.47 and its 200-day simple moving average is $273.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market capitalization of $76.87 billion, a price-to-earnings ratio of 872.83, a price-to-earnings-growth ratio of 12.41 and a beta of 1.08.

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

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CrowdStrike news, CFO Burt W. Podbere sold 64,000 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 306,508 shares in the company, valued at $97,003,651.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares in the company, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock valued at $72,113,932 over the last ninety days. 5.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. lifted its holdings in CrowdStrike by 2.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock valued at $934,000 after buying an additional 141 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in shares of CrowdStrike in the 4th quarter worth $1,228,000. Financial Counselors Inc. grew its stake in shares of CrowdStrike by 3.9% during the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after purchasing an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. increased its holdings in CrowdStrike by 17.1% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock valued at $40,647,000 after purchasing an additional 23,265 shares during the last quarter. Finally, Highland Capital Management LLC lifted its stake in CrowdStrike by 0.6% in the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock valued at $8,286,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds 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.