CrowdStrike (NASDAQ:CRWD) Trading 0.4% Higher

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Free Report) traded up 0.4% on Friday . The company traded as high as $388.35 and last traded at $384.38. 1,382,475 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 3,696,905 shares. The stock had previously closed at $382.81.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Macquarie reissued an “outperform” rating and issued a $370.00 price objective on shares of CrowdStrike in a report on Tuesday, March 19th. Wedbush dropped their target price on CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Oppenheimer raised their target price on CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. Truist Financial increased their price target on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Robert W. Baird increased their price target on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $375.61.

Read Our Latest Stock Report on CRWD

CrowdStrike Stock Up 0.8 %

The firm’s 50-day moving average price is $323.85 and its two-hundred day moving average price is $301.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market cap of $93.36 billion, a PE ratio of 725.26, a P/E/G ratio of 19.35 and a beta of 1.08.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Michael Sentonas sold 18,747 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the completion of the sale, the president now owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The disclosure for this sale can be found here. Insiders sold a total of 317,000 shares of company stock valued at $101,229,160 over the last ninety days. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently added to or reduced their stakes in CRWD. Vanguard Group Inc. increased its holdings in shares of CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after purchasing an additional 315,280 shares during the period. Jennison Associates LLC raised its position in CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares during the last quarter. Morgan Stanley lifted its stake in shares of CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after acquiring an additional 2,757,251 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of CrowdStrike by 17.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after acquiring an additional 419,619 shares during the period. Finally, Norges Bank acquired a new stake in shares of CrowdStrike in the 4th quarter worth $683,336,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

About CrowdStrike

(Get Free Report)

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.

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