CrowdStrike (NASDAQ:CRWD) Trading 2.8% Higher – Still a Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded up 2.8% during mid-day trading on Wednesday . The company traded as high as $347.32 and last traded at $339.12. 1,840,788 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 4,008,777 shares. The stock had previously closed at $329.75.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRWD. Jefferies Financial Group lowered their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Cantor Fitzgerald reissued an “overweight” rating and set a $440.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. DA Davidson boosted their price target on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Barclays lowered their price target on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $398.78.

CrowdStrike Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a 50 day moving average price of $385.81 and a 200 day moving average price of $340.21. The company has a market capitalization of $85.33 billion, a price-to-earnings ratio of 671.63, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares in the company, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 11,217 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.14, for a total value of $4,017,256.38. Following the transaction, the chief financial officer now owns 290,711 shares of the company’s stock, valued at $104,115,237.54. This trade represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock worth $38,387,254 in the last three months. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Centaurus Financial Inc. boosted its stake in shares of CrowdStrike by 62.0% in the 4th quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock worth $1,079,000 after buying an additional 1,207 shares during the last quarter. Wealthedge Investment Advisors LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $858,000. Siemens Fonds Invest GmbH raised its holdings in shares of CrowdStrike by 37.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock worth $2,384,000 after purchasing an additional 1,893 shares during the period. Park Square Financial Group LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $151,000. Finally, Total Wealth Planning & Management Inc. bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $315,000. Hedge funds and other 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.