CrowdStrike (NASDAQ:CRWD) Reaches New 12-Month High – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $411.54 and last traded at $408.05, with a volume of 303304 shares trading hands. The stock had previously closed at $407.52.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRWD shares. Scotiabank raised their price objective on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Robert W. Baird reiterated a “neutral” rating and issued a $430.00 price target (up from $390.00) on shares of CrowdStrike in a research note on Monday. Cantor Fitzgerald upped their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Evercore ISI lifted their target price on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Finally, Piper Sandler raised their price objective on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $370.00.

CrowdStrike Price Performance

The stock has a market capitalization of $103.58 billion, a P/E ratio of 824.55, a PEG ratio of 21.13 and a beta of 1.16. The company has a fifty day simple moving average of $367.00 and a two-hundred day simple moving average of $314.86. 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, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the transaction, the director now owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,565 shares of company stock valued at $39,898,614. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Berbice Capital Management LLC acquired a new position in CrowdStrike in the 4th quarter valued at approximately $27,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike in the third quarter valued at $28,000. Fortitude Family Office LLC raised its position in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. lifted its holdings in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the period. Finally, Tsfg LLC lifted its holdings in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the period. 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.