CrowdStrike (NASDAQ:CRWD) Shares Down 2.7%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded down 2.7% during trading on Friday . The company traded as low as $308.74 and last traded at $309.09. 489,079 shares changed 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.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BMO Capital Markets upped their target price on CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Macquarie reaffirmed an “outperform” rating and set a $370.00 target price on shares of CrowdStrike in a research note on Tuesday, March 19th. Oppenheimer increased their price objective on CrowdStrike from $300.00 to $355.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Rosenblatt Securities reissued a “buy” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Monday, April 8th. Finally, 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. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.29.

CrowdStrike Trading Down 2.8 %

The stock has a 50-day simple moving average of $319.83 and a 200 day simple moving average of $259.92. 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 $74.75 billion, a price-to-earnings ratio of 858.50, a PEG ratio of 12.71 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 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 company had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity

In other news, CAO Anurag Saha sold 1,019 shares of the business’s 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 completion of the transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Anurag Saha sold 1,019 shares of the business’s 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 completion of the transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Burt W. Podbere sold 26,097 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.61, for a total value of $8,497,444.17. Following the completion of the transaction, the chief financial officer now directly owns 347,792 shares of the company’s stock, valued at approximately $113,244,553.12. The disclosure for this sale can be found here. Insiders sold a total of 241,667 shares of company stock valued at $77,205,950 in the last quarter. 5.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently modified their holdings of CRWD. Morgan Stanley increased 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 valued at $832,516,000 after purchasing an additional 2,757,251 shares in the last quarter. Norges Bank purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $683,336,000. Alliancebernstein L.P. increased its stake in shares of CrowdStrike by 1,593.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,643,904 shares of the company’s stock valued at $388,310,000 after purchasing an additional 2,487,806 shares in the last quarter. Pathstone Holdings LLC purchased a new stake in CrowdStrike during the 4th quarter worth approximately $450,418,000. Finally, Jennison Associates LLC increased its stake 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 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.