CrowdStrike (NASDAQ:CRWD) Trading 2.5% Higher - What's Next?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shot up 2.5% on Tuesday . The stock traded as high as $359.91 and last traded at $361.54. 859,521 shares were traded during mid-day trading, a decline of 82% from the average session volume of 4,879,116 shares. The stock had previously closed at $352.58.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CRWD shares. Canaccord Genuity Group raised their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Wedbush boosted their price objective on shares of CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Rosenblatt Securities reiterated a "buy" rating and set a $450.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Truist Financial reduced their price target on CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a report on Monday. Finally, BMO Capital Markets increased their price objective on CrowdStrike from $380.00 to $405.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $400.88.

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CrowdStrike Price Performance

The firm has a fifty day moving average of $387.85 and a 200 day moving average of $351.03. 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 company has a market capitalization of $92.08 billion, a P/E ratio of 728.43, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the sale, the insider now owns 98,214 shares of the company's stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,801 shares of company stock valued at $42,092,255 in the last 90 days. 4.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CRWD. Kera Capital Partners Inc. lifted its stake in shares of CrowdStrike by 4.2% in the 1st quarter. Kera Capital Partners Inc. now owns 874 shares of the company's stock worth $308,000 after purchasing an additional 35 shares during the period. Modus Advisors LLC boosted its stake in shares of CrowdStrike by 12.6% during the 1st quarter. Modus Advisors LLC now owns 6,493 shares of the company's stock worth $2,289,000 after acquiring an additional 727 shares during the last quarter. Neville Rodie & Shaw Inc. grew its position in shares of CrowdStrike by 16.5% during the 1st quarter. Neville Rodie & Shaw Inc. now owns 6,618 shares of the company's stock valued at $2,333,000 after acquiring an additional 935 shares during the period. Fire Capital Management LLC bought a new position in CrowdStrike in the 4th quarter worth $488,000. Finally, Mascagni Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter valued at about $159,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

About CrowdStrike

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.