CrowdStrike (NASDAQ:CRWD) Trading Up 2.8% - What's Next?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shot up 2.8% during mid-day trading on Wednesday . The stock traded as high as $347.32 and last traded at $339.12. 1,840,788 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 4,008,777 shares. The stock had previously closed at $329.75.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research analyst reports. Oppenheimer lifted their target price on CrowdStrike from $365.00 to $410.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Bank of America lifted their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. UBS Group reduced their price objective on CrowdStrike from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, DA Davidson boosted their price target on CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price of $398.78.

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CrowdStrike Trading Down 2.9 %

The company's 50-day moving average is $386.10 and its 200-day moving average is $340.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $82.90 billion, a price-to-earnings ratio of 659.27, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares of the company's stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 10,801 shares of the company's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the transaction, the president now owns 389,589 shares in the company, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock worth $38,387,254 in the last quarter. Insiders own 4.34% of the company's stock.

Institutional Trading of CrowdStrike

Several hedge funds have recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the 4th quarter valued at $27,000. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. FPC Investment Advisory Inc. raised its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC bought a new position in shares of CrowdStrike in the 4th quarter worth about $34,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike during the 4th quarter valued at about $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.