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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) rose 2.5% during mid-day trading on Tuesday . The stock traded as high as $350.54 and last traded at $349.88. Approximately 818,385 shares traded hands during trading, a decline of 68% from the average daily volume of 2,529,699 shares. The stock had previously closed at $341.46.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Canaccord Genuity Group reaffirmed a "buy" rating and set a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. Barclays lifted their price target on CrowdStrike from $295.00 to $372.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. JMP Securities reiterated a "market outperform" rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Jefferies Financial Group boosted their target price on shares of CrowdStrike from $415.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Finally, Wedbush set a $330.00 price target on shares of CrowdStrike in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and an average price target of $365.88.

CrowdStrike Stock Performance

The business's fifty day moving average is $353.83 and its two-hundred day moving average is $312.46. The stock has a market capitalization of $85.73 billion, a PE ratio of 682.44, a price-to-earnings-growth ratio of 19.75 and a beta of 1.11. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the sale, the director now directly owns 811,842 shares of the company's stock, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares of the company's stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,351 shares of company stock valued at $37,515,473 in the last three months. Corporate insiders own 4.34% of the company's stock.

Institutional Trading of CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the business. Mason & Associates Inc increased its holdings in CrowdStrike by 30.5% during the 4th quarter. Mason & Associates Inc now owns 4,887 shares of the company's stock worth $1,672,000 after purchasing an additional 1,142 shares during the period. RMR Wealth Builders raised its holdings in shares of CrowdStrike by 4.1% in the fourth quarter. RMR Wealth Builders now owns 7,775 shares of the company's stock valued at $2,660,000 after acquiring an additional 308 shares in the last quarter. Essex Savings Bank purchased a new stake in CrowdStrike in the fourth quarter worth about $225,000. ERn Financial LLC bought a new position in CrowdStrike during the 4th quarter worth about $281,000. Finally, BluePath Capital Management LLC increased its position in CrowdStrike by 17.3% during the 4th quarter. BluePath Capital Management LLC now owns 3,561 shares of the company's stock valued at $1,216,000 after purchasing an additional 526 shares during the period. 71.16% of the stock is currently owned by 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.