CrowdStrike (NASDAQ:CRWD) Stock Price Down 1.7%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell 1.7% during mid-day trading on Tuesday . The stock traded as low as $298.30 and last traded at $298.80. 456,457 shares were traded during mid-day trading, a decline of 87% from the average session volume of 3,471,134 shares. The stock had previously closed at $304.04.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRWD shares. JPMorgan Chase & Co. upped their target price on CrowdStrike from $350.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Sanford C. Bernstein initiated coverage on CrowdStrike in a research report on Thursday, January 18th. They set an “outperform” rating and a $334.00 target price for the company. Raymond James assumed coverage on shares of CrowdStrike in a report on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 price target on the stock. Macquarie reaffirmed an “outperform” rating and issued a $370.00 price target on shares of CrowdStrike in a research note on Tuesday, March 19th. Finally, Citigroup upped their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Stock 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 cap of $73.42 billion, a PE ratio of 843.19, a P/E/G ratio of 11.70 and a beta of 1.08. The firm’s 50-day simple moving average is $313.64 and its two-hundred day simple moving average is $271.03.

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

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 14,815 shares of the stock in a transaction that occurred 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 owns 235,850 shares in the company, valued at approximately $76,851,722.50. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

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