CrowdStrike (NASDAQ:CRWD) Shares Up 2.5% – Here’s Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded up 2.5% during trading on Tuesday . The stock traded as high as $359.91 and last traded at $361.54. 859,521 shares were traded during trading, a decline of 82% from the average session volume of 4,879,116 shares. The stock had previously closed at $352.58.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRWD. DA Davidson raised their target price on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Jefferies Financial Group decreased their price objective on CrowdStrike from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Monday. Wedbush upped their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. BMO Capital Markets raised their price target on shares of CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, Piper Sandler set a $347.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $400.88.

CrowdStrike Trading Up 2.5 %

The company’s 50 day moving average price is $387.85 and its 200 day moving average price is $351.03. The firm has a market cap of $92.08 billion, a PE ratio of 728.43, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on 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 directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 13,529 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.10, for a total transaction of $4,844,734.90. Following the sale, the chief financial officer now owns 244,739 shares in the company, valued at $87,641,035.90. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 114,551 shares of company stock valued at $43,527,642 in the last 90 days. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently modified their holdings of CRWD. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the fourth quarter valued at $27,000. Fortitude Family Office LLC increased its holdings in shares of 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 acquiring an additional 44 shares during the last quarter. FPC Investment Advisory Inc. raised its position in shares of CrowdStrike by 811.1% during 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 in the last quarter. Luken Investment Analytics LLC purchased a new stake in CrowdStrike during the fourth quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. 71.16% of the stock is owned by hedge funds and other 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.