CrowdStrike (NASDAQ:CRWD) Stock Price Up 6.4% - Still a Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares traded up 6.4% on Tuesday . The company traded as high as $351.06 and last traded at $344.99. 1,529,126 shares changed hands during trading, a decline of 69% from the average session volume of 4,931,299 shares. The stock had previously closed at $324.36.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Morgan Stanley set a $429.00 target price on CrowdStrike in a report on Tuesday, March 18th. Robert W. Baird dropped their price target on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. KeyCorp decreased their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Mizuho upped their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Finally, Susquehanna increased their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $400.88.

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CrowdStrike Price Performance

The business's 50 day moving average price is $380.13 and its two-hundred day moving average price is $354.82. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $93.67 billion, a P/E ratio of 740.99, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. This represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 120,801 shares of company stock valued at $45,553,642 in the last three months. Company insiders own 4.34% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empirical Asset Management LLC bought a new stake in CrowdStrike in the fourth quarter worth about $11,310,000. Arcadia Investment Management Corp MI lifted its position in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after purchasing an additional 2,814 shares during the period. Greenleaf Trust boosted its holdings in CrowdStrike by 53.4% in the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company's stock valued at $1,015,000 after purchasing an additional 1,033 shares during the last quarter. Trifecta Capital Advisors LLC grew its holdings in CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after acquiring an additional 8,561 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of CrowdStrike by 42.6% in the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock worth $15,263,000 after acquiring an additional 13,323 shares during the period. 71.16% of the stock is currently 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.