CrowdStrike (NASDAQ:CRWD) Trading Up 7.6% – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was up 7.6% during trading on Tuesday . The company traded as high as $403.48 and last traded at $402.14. Approximately 2,417,301 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 2,882,151 shares. The stock had previously closed at $373.75.

Analysts Set New Price Targets

A number of research analysts have commented on CRWD shares. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. JPMorgan Chase & Co. boosted their price target on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. The Goldman Sachs Group boosted their price target on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Jefferies Financial Group boosted their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $369.00.

CrowdStrike Price Performance

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 firm has a market cap of $100.66 billion, a P/E ratio of 801.35, a PEG ratio of 20.07 and a beta of 1.14. The business has a fifty day moving average of $359.26 and a 200 day moving average of $311.39.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 2,858 shares of CrowdStrike stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the transaction, the chief accounting officer now owns 38,201 shares of the company’s stock, valued at $13,916,242.29. The trade was a 6.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,351 shares of company stock worth $38,935,113. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently bought and sold shares of the stock. OMC Financial Services LTD lifted its position in CrowdStrike by 2.5% during the fourth quarter. OMC Financial Services LTD now owns 11,054 shares of the company’s stock worth $3,782,000 after acquiring an additional 266 shares during the last quarter. William Howard & Co Financial Advisors Inc acquired a new stake in CrowdStrike during the fourth quarter worth approximately $233,000. Legacy Financial Strategies LLC lifted its position in CrowdStrike by 26.9% during the fourth quarter. Legacy Financial Strategies LLC now owns 1,604 shares of the company’s stock worth $557,000 after acquiring an additional 340 shares during the last quarter. Compass Financial Services Inc acquired a new stake in CrowdStrike during the fourth quarter worth approximately $48,000. Finally, Newbridge Financial Services Group Inc. raised its position in shares of CrowdStrike by 6.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 21,258 shares of the company’s stock valued at $7,274,000 after buying an additional 1,371 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.