CrowdStrike (NASDAQ:CRWD) Trading 1.9% Higher - What's Next?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) traded up 1.9% on Friday . The company traded as high as $455.38 and last traded at $452.47. 1,499,393 shares traded hands during trading, a decline of 71% from the average session volume of 5,096,909 shares. The stock had previously closed at $444.07.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Piper Sandler set a $347.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Roth Capital started coverage on shares of CrowdStrike in a research note on Wednesday, April 23rd. They set a "buy" rating and a $410.00 target price for the company. UBS Group decreased their price target on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Finally, Scotiabank reissued a "sector perform" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $403.83.

CrowdStrike Stock Performance

The stock has a market cap of $117.05 billion, a price-to-earnings ratio of 925.94, a P/E/G ratio of 17.86 and a beta of 1.22. 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 company has a 50 day simple moving average of $396.65 and a 200 day simple moving average of $380.76.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Burt W. Podbere sold 13,529 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.10, for a total transaction of $4,844,734.90. Following the transaction, the chief financial officer now owns 244,739 shares of the company's stock, valued at $87,641,035.90. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,431 shares of company stock valued at $74,472,548. 3.32% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of CRWD. Norges Bank acquired a new position in shares of CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. Nuveen LLC acquired a new position in CrowdStrike in the 1st quarter valued at approximately $595,766,000. Jennison Associates LLC raised its stake in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after acquiring an additional 1,084,506 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its holdings in shares of CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the period. 71.16% of the stock is currently owned by institutional investors.

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.