CrowdStrike (NASDAQ:CRWD) Shares Up 2% - Here's Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) rose 2% during trading on Wednesday . The stock traded as high as $370.33 and last traded at $369.64. Approximately 618,570 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 4,881,380 shares. The stock had previously closed at $362.38.

Analysts Set New Price Targets

CRWD has been the topic of several recent research reports. Susquehanna raised their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a research report on Wednesday, March 5th. Guggenheim restated a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $440.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. The Goldman Sachs Group restated a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Stephens initiated coverage on CrowdStrike in a research report on Tuesday. They issued an "overweight" rating and a $450.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average price target of $400.88.

CrowdStrike Trading Down 4.5 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business's 50 day simple moving average is $387.85 and its 200 day simple moving average is $351.03. The stock has a market cap of $87.92 billion, a P/E ratio of 695.92, a PEG ratio of 17.86 and a beta of 1.19.

Remove Ads

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the completion of the sale, the director now owns 805,592 shares of the company's stock, valued at approximately $332,218,084.88. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares of the company's stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 114,551 shares of company stock worth $43,527,642 in the last 90 days. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FSA Wealth Management LLC grew its holdings in shares of CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC lifted its position in CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after buying an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after acquiring an additional 27 shares during the last quarter. Wintrust Investments LLC increased its position in CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after acquiring an additional 29 shares in the last quarter. Finally, Synergy Financial Group LTD raised its stake in shares of CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company's stock worth $1,108,000 after acquiring an additional 30 shares during the last quarter. 71.16% of the stock is 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.