CrowdStrike (NASDAQ:CRWD) Shares Up 2.8% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares shot up 2.8% during mid-day trading on Wednesday . The company traded as high as $347.32 and last traded at $339.12. 1,840,788 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 4,008,777 shares. The stock had previously closed at $329.75.

Wall Street Analyst Weigh In

CRWD has been the subject of several research reports. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Hsbc Global Res downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Canaccord Genuity Group boosted their price target on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. KeyCorp cut their price target on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of CrowdStrike in a research note on Monday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $398.78.

CrowdStrike Price Performance

The company has a market capitalization of $84.86 billion, a PE ratio of 674.55, a PEG ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average price is $386.01 and its 200-day moving average price is $340.21.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,315 shares of company stock worth $38,387,254. 4.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently bought and sold shares of CRWD. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the fourth quarter worth $27,000. FPC Investment Advisory Inc. increased its holdings in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Fortitude Family Office LLC lifted its position in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in CrowdStrike in the 4th quarter valued at about $34,000. Finally, Luken Investment Analytics LLC acquired a new position in CrowdStrike during the 4th quarter valued at about $34,000. Institutional investors 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.