CrowdStrike (NASDAQ:CRWD) Trading Up 3.1% – Still a Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares were up 3.1% during trading on Wednesday . The company traded as high as $361.28 and last traded at $358.89. Approximately 702,775 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 2,527,468 shares. The stock had previously closed at $348.04.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CRWD shares. Wedbush set a $330.00 price objective on CrowdStrike in a report on Thursday, October 17th. Cantor Fitzgerald upped their target price on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Morgan Stanley upped their target price on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research report on Monday, September 30th. Finally, Royal Bank of Canada upped their target price on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. One 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $365.88.

CrowdStrike Stock Up 3.9 %

The stock has a market capitalization of $89.05 billion, a PE ratio of 708.88, a P/E/G ratio of 19.75 and a beta of 1.11. The firm has a 50 day moving average of $353.83 and a two-hundred day moving average of $312.46. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the sale, the president now directly owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,351 shares of company stock valued at $37,515,473 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWD. Jennison Associates LLC grew its position in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. International Assets Investment Management LLC grew its position in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after purchasing an additional 920,695 shares during the period. Daiwa Securities Group Inc. grew its position in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after purchasing an additional 712,900 shares during the period. Assenagon Asset Management S.A. boosted its holdings in CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after acquiring an additional 371,695 shares during the last quarter. Finally, State Street Corp boosted its holdings in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.