CrowdStrike (NASDAQ:CRWD) Trading Up 6.6% - Still a Buy?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) were up 6.6% on Wednesday . The stock traded as high as $396.31 and last traded at $392.90. Approximately 1,554,714 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 5,019,274 shares. The stock had previously closed at $368.45.

Wall Street Analyst Weigh In

CRWD has been the subject of several recent research reports. Robert W. Baird decreased their price target on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Raymond James lowered CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Citigroup restated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $400.76.

CrowdStrike Trading Up 2.6 %

The firm has a market cap of $105.32 billion, a price-to-earnings ratio of 833.11, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. 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 business has a 50 day moving average price of $369.96 and a 200-day moving average price of $361.78.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This trade represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the completion of the transaction, the director now owns 805,592 shares in the company, valued at $332,218,084.88. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 122,375 shares of company stock valued at $46,197,236 over the last 90 days. 4.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the company. FSA Wealth Management LLC grew its position in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after acquiring an additional 23 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in shares of CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after purchasing an additional 25 shares during the period. Tradewinds Capital Management LLC lifted its position in shares of CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after buying an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after buying an additional 27 shares during the period. Finally, Wintrust Investments LLC grew its position in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after buying an additional 29 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.