CrowdStrike (NASDAQ:CRWD) Now Covered by Stephens

Stephens started coverage on shares of CrowdStrike (NASDAQ:CRWD - Free Report) in a research report report published on Tuesday morning, MarketBeat reports. The brokerage issued an overweight rating and a $450.00 price target on the stock.

Several other equities analysts have also commented on CRWD. Canaccord Genuity Group upped their target price on CrowdStrike from $370.00 to $420.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Scotiabank reaffirmed a "sector perform" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Evercore ISI boosted their target price on shares of CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Morgan Stanley set a $429.00 price objective on CrowdStrike in a report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $400.88.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $9.11 on Tuesday, hitting $371.49. 2,443,358 shares of the stock traded hands, compared to its average volume of 4,899,503. The company has a market capitalization of $92.08 billion, a PE ratio of 728.43, a PEG ratio of 17.86 and a beta of 1.19. The company's fifty day moving average is $387.98 and its 200 day moving average is $350.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $455.59.

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Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 13,543 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares of the company's stock, valued at approximately $145,351,554.96. This represents a 3.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This represents a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,801 shares of company stock valued at $42,092,255 in the last ninety days. Company insiders own 4.34% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kera Capital Partners Inc. raised its holdings in shares of CrowdStrike by 4.2% in the first quarter. Kera Capital Partners Inc. now owns 874 shares of the company's stock valued at $308,000 after purchasing an additional 35 shares during the last quarter. Modus Advisors LLC increased its holdings in CrowdStrike by 12.6% during the first quarter. Modus Advisors LLC now owns 6,493 shares of the company's stock worth $2,289,000 after buying an additional 727 shares during the last quarter. Neville Rodie & Shaw Inc. lifted its stake in CrowdStrike by 16.5% in the first quarter. Neville Rodie & Shaw Inc. now owns 6,618 shares of the company's stock valued at $2,333,000 after acquiring an additional 935 shares during the last quarter. Fire Capital Management LLC bought a new position in shares of CrowdStrike in the 4th quarter valued at about $488,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $159,000. Institutional investors and hedge funds 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.