CrowdStrike (NASDAQ:CRWD) Shares Up 2% - Still a Buy?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) were up 2% during trading on Friday . The company traded as high as $443.05 and last traded at $440.33. Approximately 782,593 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 5,051,183 shares. The stock had previously closed at $431.88.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Raymond James lowered shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a research report on Monday, March 10th. Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Canaccord Genuity Group raised their price objective on CrowdStrike from $370.00 to $420.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, Stifel Nicolaus lowered their target price on CrowdStrike from $475.00 to $435.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $400.76.

CrowdStrike Trading Up 2.0 %

The firm has a market cap of $109.21 billion, a price-to-earnings ratio of 863.90, a P/E/G ratio of 17.86 and a beta of 1.28. The firm's 50-day moving average is $371.78 and its 200-day moving average is $365.54. 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 Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 13,543 shares of the firm'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 $4,856,790.66. Following the transaction, the president now owns 405,308 shares of the company's stock, valued at approximately $145,351,554.96. This trade represents a 3.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 22,449 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32. Following the sale, the chief executive officer now directly owns 2,178,452 shares of the company's stock, valued at $781,367,163.36. This represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,125 shares of company stock valued at $53,208,049. Corporate insiders own 4.34% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently bought and sold shares of CRWD. Vanguard Group Inc. grew its position in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after acquiring an additional 352,180 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares during the last quarter. Norges Bank purchased a new position in CrowdStrike in the fourth quarter worth $1,111,542,000. Finally, Northern Trust Corp grew its stake in CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after purchasing an additional 324,136 shares during the period. 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.

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