CrowdStrike (NASDAQ:CRWD) Shares Up 3.1% – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded up 3.1% during mid-day trading on Wednesday . The stock traded as high as $361.28 and last traded at $358.89. 702,775 shares were traded 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 brokerages recently weighed in on CRWD. Needham & Company LLC raised their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Barclays lifted their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Cantor Fitzgerald upped their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Bank of America lifted their target price on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $366.38.

CrowdStrike Stock Performance

The stock has a market capitalization of $87.93 billion, a price-to-earnings ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. The stock’s 50-day simple moving average is $355.33 and its 200 day simple moving average is $313.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity

In related news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWD. Massachusetts Financial Services Co. MA lifted its holdings in CrowdStrike by 18.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company’s stock valued at $1,737,000 after buying an additional 691 shares during the period. Dimensional Fund Advisors LP raised 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 valued at $109,670,000 after acquiring an additional 101,079 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of CrowdStrike by 94.1% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 1,613 shares of the company’s stock valued at $618,000 after purchasing an additional 782 shares during the period. Moors & Cabot Inc. boosted its position in shares of CrowdStrike by 102.7% in the 2nd quarter. Moors & Cabot Inc. now owns 3,039 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in shares of CrowdStrike by 86.9% during the second quarter. Axxcess Wealth Management LLC now owns 2,880 shares of the company’s stock worth $1,104,000 after purchasing an additional 1,339 shares during the period. 71.16% of the stock is 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.