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

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Evercore ISI upped their price target on shares of CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Susquehanna upped their target price on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, March 5th. Morgan Stanley began coverage on CrowdStrike in a report on Tuesday. They issued an “overweight” rating on the stock. Robert W. Baird dropped their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Finally, Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $399.51.

CrowdStrike Stock Down 3.4 %

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 company has a market capitalization of $88.32 billion, a price-to-earnings ratio of 705.54, a PEG ratio of 17.86 and a beta of 1.19. The business’s 50 day moving average is $386.27 and its 200 day moving average is $343.52.

Insider Activity

In related news, CEO George Kurtz sold 18,071 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. The trade was a 0.83 % 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, CAO Anurag Saha sold 1,863 shares of the 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 completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock valued at $38,319,124 over the last ninety days. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Several large investors have recently made changes to their positions in CRWD. Norges Bank acquired a new position in CrowdStrike during the fourth quarter valued at $1,111,542,000. Pathstone Holdings LLC raised its stake in shares of CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock valued at $440,116,000 after buying an additional 1,017,678 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $237,375,000. Finally, Voya Investment Management LLC boosted its stake in shares of CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock worth $657,106,000 after buying an additional 582,471 shares during the last quarter. 71.16% of the stock is 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.