CrowdStrike (NASDAQ:CRWD) Shares Up 7.6% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price shot up 7.6% during mid-day trading on Tuesday . The company traded as high as $403.48 and last traded at $402.14. 2,417,301 shares were traded during trading, a decline of 16% from the average session volume of 2,882,151 shares. The stock had previously closed at $373.75.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRWD. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. KeyCorp raised their price objective on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Bank of America increased their target price on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Citigroup lifted their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $369.00.

CrowdStrike Price Performance

The company has a fifty day simple moving average of $361.31 and a 200-day simple moving average of $312.25. The company has a market cap of $97.75 billion, a P/E ratio of 778.19, a PEG ratio of 20.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Activity

In other news, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock worth $38,935,113 over the last 90 days. 4.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. L.M. Kohn & Company raised its stake in shares of CrowdStrike by 38.1% in the 4th quarter. L.M. Kohn & Company now owns 2,498 shares of the company’s stock valued at $855,000 after acquiring an additional 689 shares in the last quarter. Blue Zone Wealth Advisors LLC raised its position in shares of CrowdStrike by 1.3% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 18,233 shares of the company’s stock valued at $6,239,000 after purchasing an additional 227 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $8,445,000. Allworth Financial LP boosted its holdings in shares of CrowdStrike by 33.1% during the 4th quarter. Allworth Financial LP now owns 4,910 shares of the company’s stock worth $1,856,000 after buying an additional 1,222 shares during the period. Finally, Quantum Private Wealth LLC grew its stake in CrowdStrike by 4.9% in the 4th quarter. Quantum Private Wealth LLC now owns 8,659 shares of the company’s stock valued at $2,963,000 after buying an additional 405 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.