CrowdStrike (NASDAQ:CRWD) Trading Up 4.2% – Here’s What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded up 4.2% during trading on Tuesday . The stock traded as high as $392.69 and last traded at $388.29. 2,238,700 shares traded hands during trading, a decline of 53% from the average session volume of 4,766,363 shares. The stock had previously closed at $372.64.

Analyst Ratings Changes

CRWD has been the subject of a number of recent research reports. Citigroup restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Rosenblatt Securities reissued a “buy” rating and issued a $450.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $400.26.

CrowdStrike Stock Performance

The company has a market capitalization of $95.40 billion, a price-to-earnings ratio of 755.88, a P/E/G ratio of 17.86 and a beta of 1.19. The stock’s 50 day moving average price is $387.16 and its 200 day moving average price is $346.07. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,858 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $364.29, for a total value of $1,041,140.82. Following the completion of the sale, the chief accounting officer now owns 38,201 shares in the company, valued at $13,916,242.29. This trade represents a 6.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated 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 owns 98,214 shares in the company, valued at $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,858 shares of company stock worth $21,288,706 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently added to or reduced their stakes in the business. Fire Capital Management LLC bought a new position in CrowdStrike in the 4th quarter valued at about $488,000. Mascagni Wealth Management Inc. bought a new stake in CrowdStrike in the 4th quarter valued at $159,000. 111 Capital acquired a new position in CrowdStrike in the 4th quarter valued at $764,000. Lansforsakringar Fondforvaltning AB publ bought a new position in CrowdStrike during the 4th quarter worth $27,016,000. Finally, Centaurus Financial Inc. lifted its holdings in shares of CrowdStrike by 62.0% during the fourth quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock worth $1,079,000 after buying an additional 1,207 shares in the last quarter. 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.