CrowdStrike (NASDAQ:CRWD) Trading Up 1.2% - Still a Buy?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) rose 1.2% during mid-day trading on Tuesday . The company traded as high as $430.54 and last traded at $428.03. Approximately 639,999 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 5,039,701 shares. The stock had previously closed at $423.08.

Analyst Ratings Changes

A number of research firms have weighed in on CRWD. Truist Financial lowered their price objective on CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Wells Fargo & Company lifted their target price on CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. DA Davidson raised their price objective on CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Baird R W lowered shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Stephens started coverage on CrowdStrike in a research note on Tuesday, April 1st. They set an "overweight" rating and a $450.00 target price on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $400.76.

CrowdStrike Stock Up 1.8 %

The stock has a fifty day moving average of $369.42 and a two-hundred day moving average of $362.82. 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 stock has a market cap of $106.80 billion, a price-to-earnings ratio of 845.53, a PEG ratio of 17.86 and a beta of 1.28.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction on 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Sentonas sold 13,543 shares of CrowdStrike stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the sale, the president now directly owns 405,308 shares in the company, valued at $145,351,554.96. This trade represents a 3.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 132,875 shares of company stock valued at $50,491,736. Company insiders own 4.34% of the company's stock.

Institutional Trading of CrowdStrike

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

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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