CrowdStrike (NASDAQ:CRWD) Sets New 12-Month High – Here’s Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $455.44 and last traded at $455.18, with a volume of 2747845 shares changing hands. The stock had previously closed at $451.74.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Susquehanna lifted their target price on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. Stifel Nicolaus lifted their target price on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Barclays lifted their target price on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Robert W. Baird reaffirmed a “neutral” rating and issued a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a research report on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price target on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $376.00.

CrowdStrike Stock Up 0.8 %

The firm has a 50 day simple moving average of $380.83 and a two-hundred day simple moving average of $326.77. 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 stock has a market capitalization of $112.12 billion, a P/E ratio of 892.53, a PEG ratio of 18.50 and a beta of 1.16.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the transaction, the director now owns 780,592 shares of the company’s stock, valued at $334,194,852.96. This trade represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,565 shares of company stock worth $49,235,849 over the last three months. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRWD. GF Fund Management CO. LTD. acquired a new stake in CrowdStrike in the fourth quarter valued at $20,098,000. Pacific Point Advisors LLC acquired a new stake in CrowdStrike in the fourth quarter valued at $513,000. Investment Management Corp VA ADV acquired a new stake in CrowdStrike in the fourth quarter valued at $528,000. GTS Securities LLC increased its holdings in CrowdStrike by 105.8% in the fourth quarter. GTS Securities LLC now owns 6,253 shares of the company’s stock valued at $2,140,000 after purchasing an additional 114,371 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new stake in CrowdStrike in the fourth quarter valued at $103,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.