CrowdStrike (NASDAQ:CRWD) Trading Up 2% – Should You Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 2% on Wednesday . The company traded as high as $370.33 and last traded at $369.64. 618,570 shares changed hands during trading, a decline of 87% from the average session volume of 4,881,380 shares. The stock had previously closed at $362.38.

Analysts Set New Price Targets

Several brokerages have issued reports on CRWD. Barclays dropped their target price on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Susquehanna increased their price objective on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, March 5th. Wedbush boosted their target price on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $400.88.

CrowdStrike Trading Up 3.2 %

The firm has a market cap of $92.73 billion, a price-to-earnings ratio of 733.54, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company’s 50-day moving average price is $387.98 and its 200-day moving average price is $350.89. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In other news, CEO George Kurtz sold 22,449 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the sale, the chief executive officer now owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. This represents a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,801 shares of company stock worth $42,092,255. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently made changes to their positions in CRWD. Berbice Capital Management LLC purchased a new position in CrowdStrike during the fourth quarter worth approximately $27,000. Fortitude Family Office LLC raised its holdings in shares of 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 acquiring an additional 44 shares during the period. FPC Investment Advisory Inc. boosted its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike during the 4th quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter valued at about $34,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.