CrowdStrike (NASDAQ:CRWD) Sets New 1-Year High – Here’s What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $431.90 and last traded at $428.92, with a volume of 2255678 shares traded. The stock had previously closed at $421.59.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CRWD. Wells Fargo & Company raised their price objective on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. raised their price target on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Bank of America upped their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, KeyCorp upped their target price on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $370.00.

CrowdStrike Stock Performance

The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $368.52 and a two-hundred day moving average price of $316.70. The stock has a market cap of $105.65 billion, a P/E ratio of 841.04, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the completion of the transaction, the director now directly owns 805,592 shares in the company, valued at approximately $332,218,084.88. This represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, 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. Insiders sold 111,565 shares of company stock worth $39,898,614 in the last quarter. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $27,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the third quarter valued at approximately $28,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the last quarter. FPC Investment Advisory Inc. lifted its stake 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 during the last quarter. Finally, Tsfg LLC lifted its position in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. 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.