CrowdStrike (NASDAQ:CRWD) Trading 2.2% Higher – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price shot up 2.2% on Monday . The company traded as high as $365.95 and last traded at $361.49. 1,321,787 shares traded hands during trading, a decline of 67% from the average session volume of 4,035,190 shares. The stock had previously closed at $353.74.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CRWD shares. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Mizuho lifted their target price on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research note on Wednesday, November 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $420.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, BMO Capital Markets raised their target price on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $398.78.

CrowdStrike Trading Up 3.8 %

The firm has a market cap of $90.40 billion, a price-to-earnings ratio of 719.93, a P/E/G ratio of 17.86 and a beta of 1.19. The firm’s 50-day moving average is $385.70 and its 200-day moving average is $341.86. 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, CFO Burt W. Podbere sold 11,217 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the completion of the sale, the chief financial officer now owns 290,711 shares in the company, valued at $104,115,237.54. This trade represents a 3.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the transaction, the chief executive officer now owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,815 shares of company stock worth $36,730,624 over the last quarter. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in CrowdStrike in the 4th quarter worth approximately $1,111,542,000. Pathstone Holdings LLC lifted its holdings in shares of CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after acquiring an additional 1,017,678 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares in the last quarter. Daiwa Securities Group Inc. raised its position in CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in CrowdStrike in the 4th quarter worth $237,375,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.