CrowdStrike (NASDAQ:CRWD) Trading Up 3.7% – Still a Buy?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 3.7% during trading on Tuesday . The stock traded as high as $474.04 and last traded at $472.64. 1,499,989 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 5,117,403 shares. The stock had previously closed at $455.59.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of CrowdStrike from $415.00 to $455.00 and gave the stock an “overweight” rating in a report on Thursday, May 15th. Bank of America upped their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. BMO Capital Markets upped their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Susquehanna upped their price objective 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, Roth Capital started coverage on shares of CrowdStrike in a report on Wednesday, April 23rd. They issued a “buy” rating and a $410.00 price objective on the stock. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $403.83.

CrowdStrike Price Performance

The company has a market capitalization of $116.89 billion, a PE ratio of 924.21, a P/E/G ratio of 17.86 and a beta of 1.22. The company’s 50-day simple moving average is $396.65 and its 200-day simple moving average is $380.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the sale, the insider now owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. The trade was a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,431 shares of company stock valued at $74,472,548 over the last quarter. Corporate insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cloud Capital Management LLC acquired a new position in CrowdStrike during the first quarter worth about $25,000. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike in the first quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. raised its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.