CrowdStrike (NASDAQ:CRWD) Trading Up 3.1% - What's Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price shot up 3.1% on Wednesday . The company traded as high as $361.28 and last traded at $358.89. 702,775 shares changed hands during trading, a decline of 72% from the average session volume of 2,527,468 shares. The stock had previously closed at $348.04.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. KeyCorp lifted their price objective on shares of CrowdStrike from $345.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. BMO Capital Markets lifted their price target on CrowdStrike from $315.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on CrowdStrike from $372.00 to $418.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Jefferies Financial Group raised their price objective on CrowdStrike from $415.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, Barclays boosted their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $365.88.

CrowdStrike Stock Performance

The company has a market capitalization of $89.17 billion, a price-to-earnings ratio of 709.86, a P/E/G ratio of 19.75 and a beta of 1.11. The company has a 50 day moving average price of $353.83 and a 200 day moving average price of $312.46. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares in the company, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company's stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,351 shares of company stock valued at $37,515,473. Company insiders own 4.34% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Quest Partners LLC purchased a new position in CrowdStrike during the 2nd quarter worth $104,000. Wealthspire Advisors LLC boosted its holdings in CrowdStrike by 9.8% during the second quarter. Wealthspire Advisors LLC now owns 1,272 shares of the company's stock worth $487,000 after purchasing an additional 114 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in CrowdStrike by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 339,137 shares of the company's stock worth $129,954,000 after purchasing an additional 21,590 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in CrowdStrike by 18.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company's stock worth $1,737,000 after purchasing an additional 691 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of CrowdStrike by 54.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company's stock worth $109,670,000 after buying an additional 101,079 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

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.