CrowdStrike (NASDAQ:CRWD) Trading Up 0.6% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price traded up 0.6% on Thursday . The stock traded as high as $420.87 and last traded at $419.93. 616,962 shares changed hands during trading, a decline of 80% from the average session volume of 3,150,455 shares. The stock had previously closed at $417.22.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their price objective on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Rosenblatt Securities increased their price target on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Jefferies Financial Group boosted their price objective on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Morgan Stanley lifted their target price on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Truist Financial upped their price target on CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $370.00.

CrowdStrike Trading Down 0.1 %

The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $102.64 billion, a P/E ratio of 815.90, a price-to-earnings-growth ratio of 21.13 and a beta of 1.16. The company has a 50-day moving average price of $365.55 and a 200 day moving average price of $314.12.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares in the company, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,315 shares of company stock valued at $37,321,176. 4.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently made changes to their positions in the stock. Jacobi Capital Management LLC grew 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 last quarter. Synergy Financial Group LTD increased its position in CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after buying an additional 30 shares during the period. M3 Advisory Group LLC lifted its stake in CrowdStrike by 2.8% in the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock valued at $407,000 after buying an additional 32 shares during the last quarter. Advisor OS LLC boosted its stake in CrowdStrike by 2.5% during the 4th quarter. Advisor OS LLC now owns 1,312 shares of the company’s stock worth $449,000 after purchasing an additional 32 shares during the period. Finally, Meridian Financial Partners LLC increased its position in CrowdStrike by 0.6% in the 4th quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after acquiring an additional 33 shares during the period. 71.16% of the stock is currently owned by hedge funds and other 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.