CrowdStrike (NASDAQ:CRWD) Trading 2.5% Higher – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price was up 2.5% during mid-day trading on Tuesday . The company traded as high as $350.54 and last traded at $349.88. Approximately 818,385 shares changed hands during trading, a decline of 68% from the average daily volume of 2,529,699 shares. The stock had previously closed at $341.46.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Barclays lifted their price objective on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Oppenheimer raised their target price on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Cantor Fitzgerald lifted their price target on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $365.88.

CrowdStrike Price Performance

The stock has a market cap of $85.90 billion, a price-to-earnings ratio of 683.84, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14. 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 50-day simple moving average of $353.02 and a two-hundred day simple moving average of $312.71.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now owns 816,730 shares in the company, valued at $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the transaction, the president now owns 389,589 shares of the company’s stock, valued at $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,351 shares of company stock worth $37,515,473. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently modified their holdings of CRWD. Synergy Financial Group LTD lifted its position in CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares during the last quarter. Meridian Financial Partners LLC lifted its holdings in CrowdStrike by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock worth $1,914,000 after purchasing an additional 33 shares during the last quarter. Sunpointe LLC boosted its stake in CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after purchasing an additional 34 shares during the period. Hilltop Holdings Inc. grew its holdings in CrowdStrike by 1.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after buying an additional 34 shares in the last quarter. Finally, Interchange Capital Partners LLC increased its position in CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after buying an additional 39 shares during the period. 71.16% of the stock is owned by 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.