CrowdStrike (NASDAQ:CRWD) Trading 1.3% Higher – Time to Buy?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 1.3% during trading on Friday . The stock traded as high as $384.24 and last traded at $382.62. 528,698 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 2,769,993 shares. The stock had previously closed at $377.70.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRWD. BNP Paribas began coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target for the company. Morgan Stanley increased their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Stifel Nicolaus increased their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Truist Financial increased their target price on shares of CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $369.00.

CrowdStrike Price Performance

The stock has a market capitalization of $93.37 billion, a PE ratio of 744.49, a P/E/G ratio of 20.07 and a beta of 1.14. The firm’s 50 day simple moving average is $357.88 and its 200 day simple moving average is $312.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the transaction, the insider now owns 98,214 shares in the company, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the firm’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 transaction of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares in the company, valued at $261,745,630.40. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently modified their holdings of the business. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike during the 2nd quarter valued at $25,000. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $27,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike during the 3rd quarter valued at $28,000. Fortitude Family Office LLC boosted its holdings in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. Finally, Tsfg LLC raised its position in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Institutional investors 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.