CrowdStrike (NASDAQ:CRWD) Trading Up 2.8% – Still a Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price rose 2.8% during trading on Wednesday . The company traded as high as $376.25 and last traded at $373.46. Approximately 860,834 shares were traded during trading, a decline of 82% from the average daily volume of 4,724,221 shares. The stock had previously closed at $363.15.

Analyst Ratings Changes

CRWD has been the subject of a number of research reports. Stifel Nicolaus reduced their target price on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Robert W. Baird decreased their price target on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Bank of America lifted their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, BMO Capital Markets raised their price target on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.78.

CrowdStrike Stock Up 2.8 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a 50 day moving average of $385.73 and a 200-day moving average of $343.12. The stock has a market capitalization of $91.97 billion, a P/E ratio of 731.19, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Insider Activity

In related news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The stock was 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 directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Burt W. Podbere sold 11,217 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total value of $4,017,256.38. Following the sale, the chief financial officer now owns 290,711 shares of the company’s stock, valued at approximately $104,115,237.54. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,315 shares of company stock worth $38,319,124. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the company. Berbice Capital Management LLC bought a new position in CrowdStrike during the fourth quarter worth about $27,000. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Fortitude Family Office LLC increased its position in shares of CrowdStrike by 112.8% in the fourth 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. Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $34,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.