CrowdStrike (NASDAQ:CRWD) Trading Up 3.5% - Should You Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s stock price shot up 3.5% during trading on Wednesday . The stock traded as high as $339.69 and last traded at $336.39. 1,225,987 shares changed hands during trading, a decline of 75% from the average session volume of 4,945,071 shares. The stock had previously closed at $325.04.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CRWD shares. Rosenblatt Securities reiterated a "buy" rating and issued a $450.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. JPMorgan Chase & Co. increased their price objective on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Cantor Fitzgerald restated an "overweight" rating and set a $440.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Citigroup reaffirmed a "buy" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Finally, BTIG Research raised CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price objective for the company in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $400.88.

CrowdStrike Stock Performance

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 business's 50-day moving average is $380.13 and its 200-day moving average is $354.82. The company has a market capitalization of $93.67 billion, a PE ratio of 740.99, a PEG ratio of 17.86 and a beta of 1.28.

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Insider Activity

In other news, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,801 shares of company stock worth $45,553,642. Insiders own 4.34% of the company's stock.

Institutional Trading of CrowdStrike

A number of institutional investors and hedge funds have recently bought and sold shares of CRWD. Vanguard Group Inc. increased its position in shares of CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after acquiring an additional 342,294 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after purchasing an additional 352,180 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank bought a new position in shares of CrowdStrike during the fourth quarter valued at $1,111,542,000. Finally, Northern Trust Corp boosted its position in shares of CrowdStrike by 16.6% during the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after buying an additional 324,136 shares during the last quarter. 71.16% of the stock is currently owned by 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.