CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.8% – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares were up 0.8% on Monday . The company traded as high as $370.00 and last traded at $365.19. Approximately 1,331,521 shares were traded during trading, a decline of 72% from the average daily volume of 4,757,338 shares. The stock had previously closed at $362.24.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a research note on Wednesday, November 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. UBS Group lowered their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Morgan Stanley started coverage on shares of CrowdStrike in a report on Tuesday, March 18th. They set an “overweight” rating for the company. Finally, Robert W. Baird lowered their target price on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $399.51.

CrowdStrike Stock 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 50 day moving average of $386.53 and a 200-day moving average of $345.25. The company has a market cap of $91.52 billion, a P/E ratio of 724.88, a PEG ratio of 17.86 and a beta of 1.19.

Insider Activity

In other news, CAO Anurag Saha sold 2,858 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the transaction, the chief accounting officer now directly owns 38,201 shares of the company’s stock, valued at approximately $13,916,242.29. This represents a 6.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,858 shares of company stock worth $21,288,706. 4.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of CRWD. Nwam LLC raised its holdings in shares of CrowdStrike by 32.4% in the third quarter. Nwam LLC now owns 3,253 shares of the company’s stock worth $912,000 after buying an additional 796 shares during the last quarter. Nicolet Advisory Services LLC increased its position in shares of CrowdStrike by 38.4% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,034 shares of the company’s stock valued at $293,000 after acquiring an additional 287 shares during the period. Great Valley Advisor Group Inc. raised its stake in CrowdStrike by 184.1% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 7,091 shares of the company’s stock worth $1,989,000 after acquiring an additional 4,595 shares during the last quarter. Cerity Partners LLC lifted its position in CrowdStrike by 15.6% during the 3rd quarter. Cerity Partners LLC now owns 272,460 shares of the company’s stock worth $76,417,000 after acquiring an additional 36,767 shares during the period. Finally, Kingsview Wealth Management LLC grew its stake in CrowdStrike by 9.2% during the 3rd quarter. Kingsview Wealth Management LLC now owns 8,146 shares of the company’s stock valued at $2,285,000 after purchasing an additional 684 shares during the last quarter. Institutional investors and hedge funds 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.