CrowdStrike (NASDAQ:CRWD) Hits New 1-Year High – Still a Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares hit a new 52-week high on Wednesday . The stock traded as high as $411.54 and last traded at $408.05, with a volume of 303304 shares changing hands. The stock had previously closed at $407.52.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Wedbush set a $330.00 price target on shares of CrowdStrike in a report on Thursday, October 17th. Susquehanna raised their price objective on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Scotiabank lifted their price objective on CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Finally, HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $370.00.

CrowdStrike Price Performance

The business has a fifty day moving average of $364.15 and a 200 day moving average of $313.40. 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 firm has a market cap of $100.56 billion, a P/E ratio of 800.99, a PEG ratio of 21.13 and a beta of 1.16.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the sale, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares in the company, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 105,315 shares of company stock valued at $37,321,176. 4.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. State Street Corp boosted its holdings in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the period. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after buying an additional 352,180 shares in the last quarter. Geode Capital Management LLC lifted its position in CrowdStrike by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after buying an additional 97,990 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in CrowdStrike by 12.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock worth $440,461,000 after buying an additional 171,861 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in CrowdStrike by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock valued at $379,895,000 after acquiring an additional 20,899 shares during the last quarter. 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.