CrowdStrike (NASDAQ:CRWD) Trading Up 2.5% – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 2.5% during mid-day trading on Tuesday . The company traded as high as $350.54 and last traded at $349.88. 818,385 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 2,529,699 shares. The stock had previously closed at $341.46.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRWD. Susquehanna raised their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Stifel Nicolaus raised their price objective on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird upped their target price on CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. BMO Capital Markets raised their price target on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Citigroup upped their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $365.88.

CrowdStrike Stock Up 2.1 %

The company has a market cap of $85.90 billion, a P/E ratio of 683.84, a PEG ratio of 19.48 and a beta of 1.14. The stock’s 50-day moving average price is $353.02 and its 200-day moving average price is $312.71. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,351 shares of company stock valued at $37,515,473. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of CRWD. Smith Anglin Financial LLC lifted its position in shares of CrowdStrike by 3.1% during the fourth quarter. Smith Anglin Financial LLC now owns 2,067 shares of the company’s stock valued at $707,000 after purchasing an additional 63 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in shares of CrowdStrike by 0.5% in the 4th quarter. Laurel Wealth Advisors LLC now owns 7,681 shares of the company’s stock worth $2,628,000 after buying an additional 40 shares during the last quarter. Meridian Financial Partners LLC grew its holdings in shares of CrowdStrike by 0.6% in the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after acquiring an additional 33 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of CrowdStrike by 42.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 495 shares of the company’s stock valued at $169,000 after acquiring an additional 148 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in CrowdStrike by 23.7% during the fourth quarter. Park Avenue Securities LLC now owns 12,197 shares of the company’s stock worth $4,173,000 after acquiring an additional 2,339 shares during the period. 71.16% of the stock is currently owned by institutional investors.

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.