CrowdStrike (NASDAQ:CRWD) Stock Price Up 4.6% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price shot up 4.6% during trading on Friday . The stock traded as high as $349.23 and last traded at $347.75. 1,137,995 shares changed hands during trading, a decline of 72% from the average session volume of 4,028,029 shares. The stock had previously closed at $332.53.

Wall Street Analyst Weigh In

CRWD has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. DA Davidson upped their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Wells Fargo & Company raised their target price on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Susquehanna lifted their target price on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $398.78.

CrowdStrike Stock Performance

The company has a market capitalization of $86.29 billion, a PE ratio of 683.99, a PEG ratio of 17.86 and a beta of 1.19. 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 $385.81 and its 200-day moving average is $340.21.

Insider Activity

In related news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,315 shares of company stock worth $38,387,254. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of CrowdStrike during the 4th quarter valued at about $1,111,542,000. Pathstone Holdings LLC boosted its stake in shares of CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after buying an additional 1,017,678 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. Daiwa Securities Group Inc. lifted its holdings in CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after acquiring an additional 712,900 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in CrowdStrike in the fourth quarter worth about $237,375,000. 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.