CrowdStrike (NASDAQ:CRWD) Trading Up 4.1% - Still a Buy?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) rose 4.1% during mid-day trading on Tuesday . The stock traded as high as $394.76 and last traded at $394.09. Approximately 1,311,017 shares traded hands during trading, a decline of 74% from the average daily volume of 4,988,648 shares. The stock had previously closed at $378.66.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CRWD shares. KeyCorp dropped 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. Royal Bank of Canada reiterated an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Raymond James cut CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. Barclays cut their price target on CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company 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 report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $400.53.

CrowdStrike Stock Down 1.1 %

The business's 50 day simple moving average is $375.78 and its 200 day simple moving average is $357.75. 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 firm has a market capitalization of $93.11 billion, a PE ratio of 736.52, a PEG ratio of 17.86 and a beta of 1.28.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 22,449 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the transaction, the chief executive officer now owns 2,178,452 shares in the company, valued at $781,367,163.36. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,401 shares of company stock valued at $45,119,220 over the last ninety days. 4.34% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently bought and sold shares of the business. Empirical Asset Management LLC bought a new position in shares of CrowdStrike in the fourth quarter worth about $11,310,000. Primoris Wealth Advisors LLC bought a new position in CrowdStrike in the 4th quarter worth about $2,166,000. Arcadia Investment Management Corp MI increased its position in shares of CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after acquiring an additional 2,814 shares during the period. Greenleaf Trust raised its stake in shares of CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company's stock valued at $1,015,000 after acquiring an additional 1,033 shares in the last quarter. Finally, Trifecta Capital Advisors LLC boosted its holdings in shares of CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after purchasing an additional 8,561 shares during the period. Institutional investors own 71.16% of the company's stock.

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.