CrowdStrike (NASDAQ:CRWD) Trading 0.5% Higher – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price shot up 0.5% on Wednesday . The company traded as high as $411.54 and last traded at $409.54. 687,441 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 3,157,506 shares. The stock had previously closed at $407.52.

Analysts Set New Price Targets

Several research analysts recently issued reports on CRWD shares. Rosenblatt Securities upped their target price on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. JMP Securities restated a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Wells Fargo & Company increased their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Evercore ISI boosted their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Finally, Royal Bank of Canada raised their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $370.00.

CrowdStrike Stock Up 0.3 %

The business’s fifty day moving average is $367.00 and its two-hundred day moving average is $314.86. The stock has a market cap of $103.84 billion, a price-to-earnings ratio of 826.66, a PEG ratio of 21.13 and a beta of 1.16. 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 Transactions at CrowdStrike

In other news, CEO George Kurtz sold 18,071 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the transaction, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,565 shares of company stock valued at $39,898,614. 4.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently modified their holdings of the company. Summit X LLC boosted its position in shares of CrowdStrike by 939.6% during the 4th quarter. Summit X LLC now owns 7,423 shares of the company’s stock worth $2,539,000 after acquiring an additional 6,709 shares in the last quarter. Moors & Cabot Inc. increased its stake in CrowdStrike by 6.2% in the fourth quarter. Moors & Cabot Inc. now owns 4,109 shares of the company’s stock valued at $1,406,000 after purchasing an additional 241 shares during the last quarter. Prosperity Wealth Management Inc. lifted its position in shares of CrowdStrike by 103.0% during the 4th quarter. Prosperity Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $722,000 after buying an additional 1,070 shares during the last quarter. AGF Management Ltd. acquired a new position in shares of CrowdStrike in the 4th quarter valued at $410,000. Finally, Founders Financial Alliance LLC grew its position in shares of CrowdStrike by 60.9% in the 4th quarter. Founders Financial Alliance LLC now owns 2,376 shares of the company’s stock valued at $813,000 after buying an additional 899 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.