CrowdStrike (NASDAQ:CRWD) Shares Down 2.7%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded down 2.7% during mid-day trading on Friday . The company traded as low as $308.74 and last traded at $309.09. 489,079 shares traded hands during trading, a decline of 87% from the average session volume of 3,681,891 shares. The stock had previously closed at $317.80.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Needham & Company LLC increased their price objective on CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Wednesday, January 17th. HSBC increased their price objective on CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. BMO Capital Markets raised their price target on CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, UBS Group raised their price target on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a report 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $373.29.

CrowdStrike Trading Down 2.8 %

The stock has a market capitalization of $74.75 billion, a P/E ratio of 858.50, a price-to-earnings-growth ratio of 12.71 and a beta of 1.05. The stock has a 50-day moving average price of $319.83 and a two-hundred day moving average price of $259.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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 firm had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity

In other news, CAO Anurag Saha sold 1,786 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was 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 in the company, valued at approximately $11,387,712. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Anurag Saha sold 1,786 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was 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 in the company, valued at approximately $11,387,712. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total value of $4,752,300.00. Following the completion of the transaction, the director now owns 839,234 shares of the company’s stock, valued at approximately $265,886,115.88. The disclosure for this sale can be found here. Insiders sold a total of 241,667 shares of company stock worth $77,205,950 in the last quarter. 5.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in CrowdStrike by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares during the last quarter. BlackRock Inc. raised its stake in CrowdStrike by 1.9% during the first quarter. BlackRock Inc. now owns 13,668,541 shares of the company’s stock valued at $1,876,144,000 after buying an additional 255,625 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after purchasing an additional 1,581,796 shares in the last quarter. Morgan Stanley increased its holdings 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 purchasing an additional 2,757,251 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of CrowdStrike by 3.0% in the 1st quarter. State Street Corp now owns 4,322,377 shares of the company’s stock worth $593,280,000 after purchasing an additional 127,620 shares in the last quarter. 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.