CrowdStrike (NASDAQ:CRWD) Stock Price Up 2.5% – Still a Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price shot up 2.5% during trading on Tuesday . The stock traded as high as $359.91 and last traded at $361.54. 859,521 shares changed hands during trading, a decline of 82% from the average session volume of 4,879,116 shares. The stock had previously closed at $352.58.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CRWD shares. Robert W. Baird reduced their price target on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Evercore ISI increased their price target on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. UBS Group dropped their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Bank of America lifted their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, BMO Capital Markets upped their price target on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Price Performance

The company has a market capitalization of $92.08 billion, a price-to-earnings ratio of 728.43, a PEG ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company’s 50 day simple moving average is $387.85 and its 200-day simple moving average is $351.03.

Insider Buying and Selling

In related news, Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00. Following the completion of the sale, the director now directly owns 62,891 shares in the company, valued at approximately $22,613,716.87. The trade was a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the transaction, the insider now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,551 shares of company stock worth $43,527,642. 4.34% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Berbice Capital Management LLC purchased a new stake in CrowdStrike during the fourth quarter valued at about $27,000. Fortitude Family Office LLC lifted its stake in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. lifted its stake in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth about $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.