CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.7% – Here’s What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was up 1.7% during trading on Tuesday . The stock traded as high as $405.45 and last traded at $404.20. Approximately 816,816 shares changed hands during trading, a decline of 74% from the average daily volume of 3,171,138 shares. The stock had previously closed at $397.57.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Scotiabank increased their target price on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Susquehanna boosted their target price on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group upped their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC raised their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $370.00.

CrowdStrike Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $103.58 billion, a PE ratio of 824.55, a P/E/G ratio of 21.13 and a beta of 1.16. The stock’s 50-day simple moving average is $365.55 and its 200-day simple moving average is $314.12.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 41,059 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,315 shares of company stock worth $37,321,176 over the last 90 days. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

A number of hedge funds have recently modified their holdings of CRWD. Jacobi Capital Management LLC boosted its stake in CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after acquiring an additional 25 shares in the last quarter. Synergy Financial Group LTD lifted its holdings in shares of CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after purchasing an additional 30 shares during the last quarter. M3 Advisory Group LLC boosted its position in shares of CrowdStrike by 2.8% in the 4th quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock worth $407,000 after purchasing an additional 32 shares in the last quarter. Advisor OS LLC grew its stake in shares of CrowdStrike by 2.5% in the 4th quarter. Advisor OS LLC now owns 1,312 shares of the company’s stock worth $449,000 after buying an additional 32 shares during the last quarter. Finally, Meridian Financial Partners LLC increased its position in CrowdStrike by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after buying an additional 33 shares in 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.