CrowdStrike (NASDAQ:CRWD) Trading 1.2% Higher – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was up 1.2% during mid-day trading on Tuesday . The stock traded as high as $351.95 and last traded at $350.90. Approximately 939,996 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 4,990,642 shares. The stock had previously closed at $346.80.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CRWD shares. Cantor Fitzgerald raised their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. BMO Capital Markets upped their target price on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Wedbush set a $330.00 target price on CrowdStrike in a research note on Thursday, October 17th. Sanford C. Bernstein cut their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Finally, Truist Financial upped their target price on shares of CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Stock Up 4.1 %

The business has a 50 day moving average price of $319.66 and a 200 day moving average price of $313.31. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $89.27 billion, a PE ratio of 714.05, a P/E/G ratio of 18.78 and a beta of 1.11.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total value of $2,183,375.00. Following the sale, the director now owns 809,266 shares of the company’s stock, valued at approximately $282,708,984.44. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,498 shares of company stock valued at $45,116,385 in the last 90 days. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. CWM LLC lifted its position in shares of CrowdStrike by 34.2% in the second quarter. CWM LLC now owns 12,450 shares of the company’s stock valued at $4,771,000 after acquiring an additional 3,176 shares in the last quarter. Simplicity Wealth LLC boosted its stake in CrowdStrike by 0.9% during the 2nd quarter. Simplicity Wealth LLC now owns 7,918 shares of the company’s stock worth $3,034,000 after purchasing an additional 73 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of CrowdStrike by 32.3% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 5,381 shares of the company’s stock worth $2,062,000 after buying an additional 1,314 shares in the last quarter. CRA Financial Services LLC raised its position in shares of CrowdStrike by 17.0% in the second quarter. CRA Financial Services LLC now owns 951 shares of the company’s stock valued at $364,000 after buying an additional 138 shares during the last quarter. Finally, Tuttle Capital Management LLC lifted its stake in shares of CrowdStrike by 33.3% in the second quarter. Tuttle Capital Management LLC now owns 900 shares of the company’s stock worth $345,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds 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.