CrowdStrike (NASDAQ:CRWD) Shares Up 0.7% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 0.7% during mid-day trading on Thursday . The company traded as high as $350.50 and last traded at $344.70. 682,286 shares were traded during mid-day trading, a decline of 86% from the average session volume of 4,873,307 shares. The stock had previously closed at $342.16.

Analyst Ratings Changes

Several brokerages recently commented on CRWD. Canaccord Genuity Group restated a “buy” rating and set a $330.00 target price on shares of CrowdStrike in a report on Monday, September 30th. Evercore ISI raised their price objective on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Needham & Company LLC upped their target price on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their price target on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Oppenheimer upped 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $365.63.

CrowdStrike Trading Up 3.4 %

The firm has a market cap of $88.43 billion, a price-to-earnings ratio of 703.97, a P/E/G ratio of 19.48 and a beta of 1.11. The firm’s 50-day moving average is $346.72 and its 200-day moving average is $314.90. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity

In other news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00. Following the sale, the insider now owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This trade represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,601 shares of company stock worth $40,755,368 over the last three months. 4.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter worth $28,000. Tsfg LLC boosted its position in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Castleview Partners LLC bought a new position in CrowdStrike in the 3rd quarter valued at $32,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of CrowdStrike during the 2nd quarter valued at $33,000. 71.16% of the stock is currently 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.