CrowdStrike (NASDAQ:CRWD) Shares Up 0.9% - Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares shot up 0.9% during trading on Thursday . The company traded as high as $369.02 and last traded at $365.39. 588,370 shares changed hands during trading, a decline of 77% from the average session volume of 2,561,393 shares. The stock had previously closed at $362.02.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. lifted their price objective on shares of CrowdStrike from $372.00 to $418.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Truist Financial increased their price target on CrowdStrike from $375.00 to $385.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Stifel Nicolaus upped their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada raised their price objective on CrowdStrike from $365.00 to $420.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, nine 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, the stock has an average rating of "Moderate Buy" and an average price target of $365.88.

CrowdStrike Stock Up 1.2 %

The firm has a 50 day simple moving average of $353.83 and a two-hundred day simple moving average of $312.46. 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 stock has a market capitalization of $90.21 billion, a P/E ratio of 717.97, a PEG ratio of 18.55 and a beta of 1.14.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now owns 816,730 shares of the company's stock, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,351 shares of company stock worth $37,515,473. Company insiders own 4.34% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike during the 2nd quarter valued at about $25,000. Fortitude Family Office LLC boosted its stake in 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 purchasing an additional 44 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in CrowdStrike in the 2nd quarter worth $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in CrowdStrike during the second quarter valued at $38,000. Finally, Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter worth approximately $28,000. 71.16% of the stock is owned by hedge funds and other 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.

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