CrowdStrike (NASDAQ:CRWD) Trading Up 7.1% - What's Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s stock price shot up 7.1% during trading on Tuesday . The company traded as high as $327.50 and last traded at $330.70. 2,464,178 shares were traded during mid-day trading, a decline of 37% from the average session volume of 3,923,050 shares. The stock had previously closed at $308.86.

Analysts Set New Price Targets

A number of research firms have issued reports on CRWD. Raymond James cut shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a research note on Monday. Susquehanna lifted their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a research note on Wednesday, March 5th. Evercore ISI increased their target price on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Wedbush boosted their price target on CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $420.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $398.78.

CrowdStrike Stock Down 4.1 %

The firm has a market capitalization of $81.91 billion, a price-to-earnings ratio of 652.03, a P/E/G ratio of 17.86 and a beta of 1.19. The firm has a fifty day moving average price of $386.10 and a 200 day moving average price of $340.26. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now owns 115,798 shares of the company's stock, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Burt W. Podbere sold 11,217 shares of the company's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total value of $4,017,256.38. Following the transaction, the chief financial officer now directly owns 290,711 shares in the company, valued at approximately $104,115,237.54. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,315 shares of company stock worth $38,387,254. Insiders own 4.34% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. Pathstone Holdings LLC lifted its stake in shares of CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after purchasing an additional 1,017,678 shares during the period. Jennison Associates LLC boosted its position in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock worth $212,021,000 after purchasing an additional 712,900 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in CrowdStrike in the fourth quarter valued at about $237,375,000. 71.16% of the stock is currently 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.