CrowdStrike (NASDAQ:CRWD) Shares Up 1.9%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded up 1.9% on Tuesday . The company traded as high as $386.60 and last traded at $385.00. 818,518 shares changed hands during trading, a decline of 80% from the average session volume of 4,153,176 shares. The stock had previously closed at $377.93.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barclays boosted their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Citigroup upped their price objective on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Piper Sandler reissued an “overweight” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Wednesday, June 5th. HSBC increased their price target on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Evercore ISI upped their target price on CrowdStrike from $255.00 to $405.00 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, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $380.62.

CrowdStrike Stock Down 1.7 %

The stock’s fifty day simple moving average is $335.94 and its 200-day simple moving average is $311.52. The stock has a market capitalization of $92.57 billion, a PE ratio of 717.68, a P/E/G ratio of 19.36 and a beta of 1.08. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 8,077 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $374.99, for a total value of $3,028,794.23. Following the completion of the sale, the insider now owns 187,091 shares in the company, valued at approximately $70,157,254.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other CrowdStrike news, insider Shawn Henry sold 8,077 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $374.99, for a total value of $3,028,794.23. Following the completion of the transaction, the insider now owns 187,091 shares in the company, valued at approximately $70,157,254.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 273,675 shares of company stock worth $92,085,172. 4.34% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position 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 in the last quarter. Jennison Associates LLC boosted its position in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after acquiring an additional 1,581,796 shares during the period. Morgan Stanley grew its stake in CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after acquiring an additional 2,757,251 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in 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 purchasing an additional 419,619 shares in the last quarter. Finally, Norges Bank bought a new position in CrowdStrike in the 4th quarter valued at $683,336,000. 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.