CrowdStrike (NASDAQ:CRWD) Trading 1.9% Higher - Here's Why

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) were up 1.9% during trading on Tuesday . The stock traded as high as $369.96 and last traded at $369.68. Approximately 610,195 shares traded hands during trading, a decline of 88% from the average daily volume of 5,015,127 shares. The stock had previously closed at $362.69.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRWD shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $440.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. BMO Capital Markets lifted their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. 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 research report on Wednesday, February 26th. Finally, Roth Capital initiated coverage on CrowdStrike in a research report on Wednesday. They set a "buy" rating and a $410.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $400.76.

CrowdStrike Stock Up 2.6 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $105.32 billion, a PE ratio of 833.11, a PEG ratio of 17.86 and a beta of 1.28. The company has a fifty day moving average price of $369.96 and a 200-day moving average price of $361.34.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Johanna Flower sold 2,974 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $362.48, for a total value of $1,078,015.52. Following the completion of the transaction, the director now directly owns 82,875 shares in the company, valued at $30,040,530. This trade represents a 3.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,375 shares of company stock worth $46,197,236 over the last ninety days. Company insiders own 4.34% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empirical Asset Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $11,310,000. Primoris Wealth Advisors LLC bought a new stake in CrowdStrike during the 4th quarter valued at $2,166,000. Arcadia Investment Management Corp MI lifted its holdings in shares of CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after buying an additional 2,814 shares during the period. Greenleaf Trust grew its position in shares of CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company's stock worth $1,015,000 after buying an additional 1,033 shares in the last quarter. Finally, Trifecta Capital Advisors LLC increased its stake in shares of CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after buying an additional 8,561 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.