CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.6% – Still a Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price rose 0.6% on Thursday . The stock traded as high as $420.87 and last traded at $419.93. Approximately 616,962 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 3,150,455 shares. The stock had previously closed at $417.22.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of research analyst reports. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a report on Wednesday, November 27th. Piper Sandler upped their price objective on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Cantor Fitzgerald increased their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Royal Bank of Canada boosted their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $370.00.

CrowdStrike Trading Up 0.3 %

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 firm has a market cap of $103.84 billion, a P/E ratio of 826.66, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The business’s fifty day moving average is $368.52 and its 200-day moving average is $315.96.

Insider Activity

In other news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the sale, the director now owns 805,592 shares of the company’s stock, valued at approximately $332,218,084.88. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,565 shares of company stock valued at $39,898,614. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of institutional investors have recently bought and sold shares of CRWD. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. increased its holdings in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the period. Oakworth Capital Inc. bought a new position in shares of CrowdStrike during the 3rd quarter worth approximately $28,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $34,000. 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.