CrowdStrike (NASDAQ:CRWD) Trading Up 0.7% – Here’s What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price rose 0.7% during mid-day trading on Thursday . The stock traded as high as $350.50 and last traded at $344.70. Approximately 682,286 shares were traded during trading, a decline of 86% from the average daily volume of 4,873,307 shares. The stock had previously closed at $342.16.

Analysts Set New Price Targets

CRWD has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Wedbush set a $330.00 target price on CrowdStrike in a research note on Thursday, October 17th. Piper Sandler upped their price objective on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their target price on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, JMP Securities reissued a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $364.25.

CrowdStrike Stock Performance

The company has a market cap of $84.38 billion, a P/E ratio of 671.74, a P/E/G ratio of 19.48 and a beta of 1.11. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $344.69 and a two-hundred day simple moving average of $314.89.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares in the company, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the sale, the director now owns 821,766 shares in the company, valued at approximately $263,277,391.08. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,351 shares of company stock valued at $38,595,056. 4.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike during the second quarter valued at approximately $25,000. Itau Unibanco Holding S.A. bought a new stake in CrowdStrike during the second quarter valued at about $33,000. Fairfield Financial Advisors LTD purchased a new position in CrowdStrike in the second quarter valued at about $38,000. Strategic Investment Solutions Inc. IL acquired a new stake in CrowdStrike in the second quarter valued at approximately $38,000. Finally, Oakworth Capital Inc. purchased a new position in CrowdStrike in the third quarter worth $28,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.