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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price was up 0.8% during trading on Monday . The company traded as high as $341.77 and last traded at $324.09. Approximately 3,046,555 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 4,932,223 shares. The stock had previously closed at $321.63.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CRWD shares. UBS Group cut their price target on CrowdStrike from $450.00 to $425.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. KeyCorp dropped their target price on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Mizuho upped their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Citigroup reissued a "buy" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Finally, Royal Bank of Canada reiterated an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $400.88.

CrowdStrike Stock Performance

The firm has a market cap of $92.39 billion, a price-to-earnings ratio of 727.37, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The stock has a 50-day moving average of $380.72 and a 200-day moving average of $354.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 22,449 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.68, for a total value of $8,052,007.32. Following the completion of the sale, the chief executive officer now directly owns 2,178,452 shares in the company, valued at approximately $781,367,163.36. This represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,801 shares of company stock worth $45,553,642 over the last ninety days. Insiders own 4.34% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Empirical Asset Management LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at $11,310,000. Arcadia Investment Management Corp MI grew its position in shares of CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after acquiring an additional 2,814 shares during the period. Greenleaf Trust increased its stake in shares of CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company's stock worth $1,015,000 after purchasing an additional 1,033 shares during the last quarter. Trifecta Capital Advisors LLC raised its holdings in shares of CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after purchasing an additional 8,561 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of CrowdStrike by 42.6% in the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock valued at $15,263,000 after purchasing an additional 13,323 shares during the period. Institutional investors and hedge funds 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.