CrowdStrike (NASDAQ:CRWD) Shares Down 0%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 0% on Tuesday . The stock traded as low as $323.86 and last traded at $324.73. 619,319 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 4,002,755 shares. The stock had previously closed at $324.76.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays boosted their price target on CrowdStrike from $340.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Sanford C. Bernstein began coverage on shares of CrowdStrike in a research note on Thursday, January 18th. They set an “outperform” rating and a $334.00 price objective for the company. DA Davidson increased their price objective on shares of CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Macquarie restated an “outperform” rating and set a $370.00 target price on shares of CrowdStrike in a report on Tuesday, March 19th. Finally, Raymond James began coverage on CrowdStrike in a report on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 price target for the company. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.29.

CrowdStrike Stock Performance

The stock has a fifty day moving average of $314.16 and a 200-day moving average of $246.80. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $77.94 billion, a PE ratio of 895.16, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06.

Insider Transactions at CrowdStrike

In related 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 value of $331,990.20. Following the sale, 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 can be accessed through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 26,097 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.61, for a total value of $8,497,444.17. Following the transaction, the chief financial officer now directly owns 347,792 shares of the company’s stock, valued at $113,244,553.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 237,667 shares of company stock valued at $72,822,280. 5.68% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Several institutional investors have recently modified their holdings of CRWD. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of CrowdStrike by 2.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock worth $934,000 after purchasing an additional 141 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in CrowdStrike in the fourth quarter valued at approximately $1,228,000. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of 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 acquiring an additional 23,265 shares during the period. Sara Bay Financial purchased a new position in shares of CrowdStrike during the fourth quarter worth approximately $255,000. Finally, Nordea Investment Management AB raised its position in CrowdStrike by 8.6% in the 4th quarter. Nordea Investment Management AB now owns 510,362 shares of the company’s stock valued at $130,096,000 after purchasing an additional 40,222 shares during the last quarter. Hedge funds and other institutional investors 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.