Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $455.44 and last traded at $455.18, with a volume of 2747845 shares trading hands. The stock had previously closed at $451.74.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on CRWD shares. KeyCorp upped their price target on CrowdStrike from $395.00 to $480.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Hsbc Global Res cut CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Jefferies Financial Group increased their target price on CrowdStrike from $415.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Wells Fargo & Company increased their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Finally, Barclays raised their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $379.73.
Read Our Latest Stock Report on CrowdStrike
CrowdStrike Price Performance
The company has a fifty day moving average of $382.58 and a 200 day moving average of $327.63. The firm has a market capitalization of $105.87 billion, a P/E ratio of 842.23, a PEG ratio of 18.65 and a beta of 1.16. 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 at CrowdStrike
In related news, Director Gerhard Watzinger sold 30,000 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,565 shares of company stock worth $51,038,529 over the last ninety days. Insiders own 4.34% of the company's stock.
Hedge Funds Weigh In On CrowdStrike
A number of institutional investors have recently modified their holdings of the company. Jupiter Wealth Management LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $120,000. Warm Springs Advisors Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $1,879,000. Cache Advisors LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $1,658,000. GF Fund Management CO. LTD. acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $20,098,000. Finally, Pacific Point Advisors LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $513,000. 71.16% of the stock is owned by institutional investors and hedge funds.
About CrowdStrike
(
Get Free Report)
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.
Featured Stories
Before you consider CrowdStrike, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CrowdStrike wasn't on the list.
While CrowdStrike currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
