CrowdStrike (NASDAQ:CRWD) Stock Price Up 2.3% – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price shot up 2.3% on Wednesday . The stock traded as high as $358.02 and last traded at $357.89. 1,146,307 shares changed hands during trading, a decline of 77% from the average session volume of 4,985,521 shares. The stock had previously closed at $349.95.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRWD. UBS Group cut their price target on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Stifel Nicolaus boosted their price target on shares of CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company lifted their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen lowered their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective on the stock. in a research report on Wednesday, November 27th. One 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Stock Performance

The company has a current ratio of 1.86, a quick ratio of 1.90 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $321.32 and its 200-day moving average is $313.67. The company has a market capitalization of $90.14 billion, a P/E ratio of 717.03, a price-to-earnings-growth ratio of 18.78 and a beta of 1.11.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,498 shares of company stock worth $45,116,385 in the last three months. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Large investors have recently made changes to their positions in the stock. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike during the second quarter valued at $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the third quarter valued at about $28,000. Tsfg LLC raised its holdings in shares of CrowdStrike by 593.3% in the third 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. Family Firm Inc. bought a new stake in shares of CrowdStrike in the second quarter valued at about $30,000. Finally, Castleview Partners LLC bought a new stake in shares of CrowdStrike in the third quarter valued at about $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.