CrowdStrike (NASDAQ:CRWD) Trading 1.3% Higher – Here’s Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded up 1.3% during trading on Friday . The company traded as high as $384.24 and last traded at $382.62. 528,698 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 2,769,993 shares. The stock had previously closed at $377.70.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. CICC Research assumed coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective for the company. Evercore ISI lifted their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Finally, Bank of America increased their price target on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.00.

CrowdStrike Price Performance

The stock has a 50 day moving average of $358.65 and a 200-day moving average of $312.32. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $92.35 billion, a P/E ratio of 735.15, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the transaction, the insider now directly owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently added to or reduced their stakes in the business. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth approximately $27,000. Oakworth Capital Inc. bought a new position in CrowdStrike in the third quarter worth approximately $28,000. Fortitude Family Office LLC lifted its holdings in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the period. Tsfg LLC boosted its position in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares in the last quarter. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike in the 3rd quarter valued at $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.