CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.8% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price was up 0.8% during mid-day trading on Monday . The company traded as high as $370.00 and last traded at $365.19. 1,331,521 shares were traded during mid-day trading, a decline of 72% from the average session volume of 4,757,338 shares. The stock had previously closed at $362.24.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Truist Financial upped their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Susquehanna increased their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. upped their price target on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $399.51.

CrowdStrike Stock Up 1.9 %

The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $91.52 billion, a PE ratio of 724.88, a PEG ratio of 17.86 and a beta of 1.19. The company’s fifty day moving average is $386.53 and its 200-day moving average is $345.25.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. This trade represents a 4.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,858 shares of company stock worth $21,288,706 in the last ninety days. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CRWD. Berbice Capital Management LLC purchased a new position in CrowdStrike during the fourth quarter valued at $27,000. Fortitude Family Office LLC raised its stake in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. lifted its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at approximately $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in CrowdStrike in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.