CrowdStrike (NASDAQ:CRWD) Shares Up 0.7% - Should You Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price traded up 0.7% during mid-day trading on Friday . The stock traded as high as $422.27 and last traded at $416.98. 996,909 shares traded hands during trading, a decline of 80% from the average session volume of 5,032,817 shares. The stock had previously closed at $414.05.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating on shares of CrowdStrike in a report on Wednesday, March 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Roth Capital began coverage on CrowdStrike in a research note on Wednesday. They issued a "buy" rating and a $410.00 target price for the company. Needham & Company LLC reissued a "buy" rating and set a $420.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Baird R W cut shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $400.76.

CrowdStrike Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm's 50 day simple moving average is $369.96 and its 200 day simple moving average is $362.11. The stock has a market capitalization of $105.32 billion, a PE ratio of 833.11, a P/E/G ratio of 17.86 and a beta of 1.28.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company's stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the sale, the director now owns 805,592 shares of the company's stock, valued at approximately $332,218,084.88. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,375 shares of company stock worth $46,197,236 over the last three months. Company insiders own 4.34% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRWD. E Fund Management Hong Kong Co. Ltd. boosted its position in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Berbice Capital Management LLC purchased a new position in CrowdStrike during the fourth quarter valued at $27,000. FPC Investment Advisory Inc. grew its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares during the period. Fortitude Family Office LLC increased 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 worth $28,000 after acquiring an additional 44 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the period. 71.16% of the stock is currently owned by institutional investors.

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.