CrowdStrike (NASDAQ:CRWD) Shares Up 0.7% – Should You Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares shot up 0.7% during mid-day trading on Thursday . The stock traded as high as $350.50 and last traded at $344.70. 682,286 shares were traded during trading, a decline of 86% from the average session volume of 4,873,307 shares. The stock had previously closed at $342.16.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their target price on shares of CrowdStrike from $370.00 to $365.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Citigroup boosted their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. KeyCorp raised their target price on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Susquehanna boosted their price target on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Finally, DA Davidson reiterated a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $364.25.

CrowdStrike Stock Performance

The company has a market cap of $84.38 billion, a PE ratio of 671.74, a P/E/G ratio of 19.48 and a beta of 1.11. The stock’s 50 day simple moving average is $344.69 and its two-hundred day simple moving average is $314.89. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the sale, the insider now owns 124,298 shares in the company, valued at approximately $38,455,315.24. The trade was a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Sentonas sold 10,801 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the sale, the president now directly owns 389,589 shares of the company’s stock, valued at $139,655,968.83. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,351 shares of company stock worth $38,595,056. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of the stock. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike during the second quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new stake in CrowdStrike during the 3rd quarter worth $28,000. Tsfg LLC lifted its holdings in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. Castleview Partners LLC purchased a new position in CrowdStrike in the 3rd quarter valued at about $32,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike during the second quarter valued at about $33,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.