CrowdStrike (NASDAQ:CRWD) Stock Price Up 3.1% – Still a Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price shot up 3.1% during trading on Wednesday . The company 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 Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CRWD shares. Wells Fargo & Company boosted their price target on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Truist Financial boosted their price objective on shares of CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Evercore ISI lifted their target price on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Finally, Citigroup increased their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $366.38.

CrowdStrike Stock Performance

The stock has a market capitalization of $87.93 billion, a PE ratio of 700.01, a P/E/G ratio of 18.55 and a beta of 1.14. 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 firm has a 50 day moving average of $355.33 and a 200-day moving average of $313.16.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock valued at $38,935,113 over the last three months. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at approximately $25,000. Fortitude Family Office LLC grew its position in 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 acquiring an additional 44 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in CrowdStrike in the second quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of CrowdStrike during the 2nd quarter worth $38,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike in the 3rd quarter valued at $28,000. 71.16% of the stock is 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.