CrowdStrike (NASDAQ:CRWD) Stock Price Up 7.1% – Time to Buy?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 7.1% during mid-day trading on Tuesday . The stock traded as high as $327.50 and last traded at $330.70. 2,464,178 shares changed hands during trading, a decline of 37% from the average session volume of 3,923,050 shares. The stock had previously closed at $308.86.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Canaccord Genuity Group upped their target price on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Oppenheimer raised their price objective on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Jefferies Financial Group cut their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $398.78.

CrowdStrike Stock Up 8.2 %

The stock has a market capitalization of $82.31 billion, a P/E ratio of 655.78, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average is $386.26 and its 200-day moving average is $339.80.

Insiders Place Their Bets

In other CrowdStrike 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 sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO George Kurtz sold 18,071 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. In the last three months, insiders sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently modified their holdings of the stock. CWA Asset Management Group LLC bought a new position in CrowdStrike during the 3rd quarter worth $630,000. Verdence Capital Advisors LLC boosted its stake in shares of CrowdStrike by 15.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,975 shares of the company’s stock valued at $554,000 after purchasing an additional 262 shares in the last quarter. Lindbrook Capital LLC increased its position in CrowdStrike by 8.1% during the 3rd quarter. Lindbrook Capital LLC now owns 951 shares of the company’s stock worth $267,000 after purchasing an additional 71 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in CrowdStrike by 39.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 4,003 shares of the company’s stock valued at $1,123,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Mayflower Financial Advisors LLC lifted its stake in shares of CrowdStrike by 42.1% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 1,959 shares of the company’s stock valued at $549,000 after acquiring an additional 580 shares during the last quarter. 71.16% of the stock is currently 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.