CrowdStrike (NASDAQ:CRWD) Sets New 52-Week High – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $402.38 and last traded at $400.20, with a volume of 1727765 shares trading hands. The stock had previously closed at $373.75.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRWD. Royal Bank of Canada increased their price target on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC raised their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. BNP Paribas assumed coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target on the stock. Rosenblatt Securities boosted their price objective on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. increased their target price on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $369.00.

CrowdStrike Price Performance

The company has a market capitalization of $97.89 billion, a PE ratio of 785.38, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14. The firm’s 50-day moving average is $361.31 and its 200-day moving average is $312.25. 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 CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 98,214 shares of the company’s stock, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock worth $38,935,113 in the last ninety days. 4.34% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

Several large investors have recently bought and sold shares of CRWD. Strategic Investment Solutions Inc. IL bought a new stake in shares of CrowdStrike in the 2nd quarter worth $38,000. Gordian Capital Singapore Pte Ltd increased its holdings in CrowdStrike by 15.8% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 586 shares of the company’s stock worth $225,000 after buying an additional 80 shares in the last quarter. NCP Inc. purchased a new position in CrowdStrike in the 2nd quarter worth about $115,000. Sanctuary Advisors LLC purchased a new stake in shares of CrowdStrike during the 2nd quarter valued at about $15,285,000. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of CrowdStrike by 24.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock worth $3,855,000 after acquiring an additional 1,966 shares during the period. 71.16% of the stock is owned by institutional investors.

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.