CrowdStrike (NASDAQ:CRWD) Stock Price Up 2.8% – Still a Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price traded up 2.8% during mid-day trading on Wednesday . The stock traded as high as $376.25 and last traded at $373.46. 860,834 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 4,724,221 shares. The stock had previously closed at $363.15.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Truist Financial increased their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Wells Fargo & Company boosted their price target on CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Susquehanna upped their price target on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, March 5th. Finally, Wedbush lifted their price objective on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $399.51.

CrowdStrike Price Performance

The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average price is $386.27 and its 200 day moving average price is $343.52. The stock has a market cap of $88.32 billion, a PE ratio of 705.54, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 10,801 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the sale, the president now directly owns 389,589 shares in the company, valued at approximately $139,655,968.83. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 11,217 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total value of $4,017,256.38. Following the transaction, the chief financial officer now owns 290,711 shares of the company’s stock, valued at $104,115,237.54. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,319,124 in the last 90 days. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently bought and sold shares of CRWD. Berbice Capital Management LLC purchased a new position in CrowdStrike in the fourth quarter worth 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 during 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 during the last quarter. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the 4th quarter valued at 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.