CrowdStrike (NASDAQ:CRWD) Reaches New 52-Week High - Here's Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares reached a new 52-week high during trading on Saturday . The stock traded as high as $459.93 and last traded at $455.59, with a volume of 4482866 shares trading hands. The stock had previously closed at $444.07.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRWD. Piper Sandler set a $347.00 target price on CrowdStrike in a report on Wednesday, March 5th. BTIG Research restated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Canaccord Genuity Group raised their target price on CrowdStrike from $370.00 to $420.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Truist Financial cut their target price on CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, DZ Bank cut CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price on the stock. in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $404.43.

CrowdStrike Price Performance

The firm has a market cap of $116.13 billion, a P/E ratio of 918.69, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $398.71 and a two-hundred day moving average of $381.40.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 13,543 shares of the company's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the sale, the president now owns 405,308 shares in the company, valued at approximately $145,351,554.96. The trade was a 3.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,431 shares of company stock worth $74,472,548 in the last 90 days. Insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently made changes to their positions in CRWD. Brighton Jones LLC grew its position in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after buying an additional 2,417 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of CrowdStrike by 15.1% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,927 shares of the company's stock valued at $1,002,000 after purchasing an additional 383 shares during the period. Drive Wealth Management LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $206,000. PFG Investments LLC lifted its stake in shares of CrowdStrike by 2.0% in the 4th quarter. PFG Investments LLC now owns 5,041 shares of the company's stock valued at $1,725,000 after purchasing an additional 101 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of CrowdStrike by 13.0% in the 4th quarter. Blue Trust Inc. now owns 3,452 shares of the company's stock valued at $1,181,000 after purchasing an additional 397 shares during the period. 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.