CrowdStrike (NASDAQ:CRWD) Trading Up 2.2% – What’s Next?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 2.2% during trading on Monday . The company traded as high as $365.95 and last traded at $361.49. 1,321,787 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 4,035,190 shares. The stock had previously closed at $353.74.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group lowered their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Morgan Stanley assumed coverage on CrowdStrike in a research report on Tuesday. They issued an “overweight” rating for the company. Oppenheimer boosted their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $398.78.

CrowdStrike Stock Performance

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’s 50-day moving average price is $385.73 and its two-hundred day moving average price is $343.12. The stock has a market cap of $89.45 billion, a price-to-earnings ratio of 712.07, a PEG ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now owns 780,592 shares in the company, valued at $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. 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 90 days. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in CrowdStrike in the fourth quarter valued at $1,111,542,000. Pathstone Holdings LLC grew its position in CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the last quarter. Jennison Associates LLC increased its position in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of CrowdStrike in the 4th quarter worth $237,375,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.