CrowdStrike (NASDAQ:CRWD) Trading 0.8% Higher - Here's What Happened

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) rose 0.8% during mid-day trading on Monday . The company traded as high as $370.00 and last traded at $365.19. Approximately 1,331,521 shares changed hands during trading, a decline of 72% from the average daily volume of 4,757,338 shares. The stock had previously closed at $362.24.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several analyst reports. Bank of America upped their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. DA Davidson lifted their price target on CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. BTIG Research raised CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price target for the company in a report on Tuesday. Finally, Wells Fargo & Company increased their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $400.26.

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CrowdStrike Price Performance

The firm has a 50 day moving average price of $388.08 and a 200 day moving average price of $347.22. The stock has a market cap of $90.70 billion, a P/E ratio of 717.52, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 2,547 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $365.96, for a total transaction of $932,100.12. Following the transaction, the insider now owns 82,071 shares in the company, valued at $30,034,703.16. The trade was a 3.01 % decrease in their ownership of the stock. 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 three months. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its holdings in shares of CrowdStrike by 17.9% during the 3rd quarter. Fisher Asset Management LLC now owns 2,230 shares of the company's stock valued at $626,000 after purchasing an additional 339 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of CrowdStrike by 101.6% during the third quarter. Brown Brothers Harriman & Co. now owns 254 shares of the company's stock worth $71,000 after acquiring an additional 128 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of CrowdStrike by 19.3% during the third quarter. The Manufacturers Life Insurance Company now owns 159,034 shares of the company's stock valued at $44,604,000 after acquiring an additional 25,774 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of CrowdStrike by 44.3% during the third quarter. D.A. Davidson & CO. now owns 36,858 shares of the company's stock worth $10,338,000 after buying an additional 11,310 shares during the period. Finally, Brooklyn Investment Group increased its holdings in shares of CrowdStrike by 13.1% in the third quarter. Brooklyn Investment Group now owns 1,549 shares of the company's stock valued at $434,000 after purchasing an additional 179 shares during the period. 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.