CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.5% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded up 0.5% during mid-day trading on Wednesday . The company traded as high as $411.54 and last traded at $409.54. 687,441 shares were traded during mid-day trading, a decline of 78% from the average session volume of 3,157,506 shares. The stock had previously closed at $407.52.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of analyst reports. CICC Research initiated coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective for the company. Susquehanna lifted their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Baird R W cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Jefferies Financial Group increased their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $370.00.

CrowdStrike Price Performance

The firm has a market cap of $103.07 billion, a PE ratio of 819.67, a PEG ratio of 21.13 and a beta of 1.16. The company has a 50 day moving average price of $364.15 and a 200 day moving average price of $313.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insiders Place Their Bets

In related news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. The trade was a 3.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,315 shares of company stock worth $37,321,176. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently made changes to their positions in CRWD. Czech National Bank grew its holdings in CrowdStrike by 7.0% in the 3rd quarter. Czech National Bank now owns 47,033 shares of the company’s stock valued at $13,191,000 after buying an additional 3,084 shares during the period. GAMMA Investing LLC boosted its holdings in shares of CrowdStrike by 77.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,170 shares of the company’s stock valued at $328,000 after purchasing an additional 509 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of CrowdStrike by 21.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,058 shares of the company’s stock worth $577,000 after buying an additional 357 shares during the last quarter. Fulton Bank N.A. raised its position in shares of CrowdStrike by 46.9% in the 3rd quarter. Fulton Bank N.A. now owns 2,143 shares of the company’s stock worth $601,000 after buying an additional 684 shares during the period. Finally, SignalPoint Asset Management LLC boosted its holdings in CrowdStrike by 13.6% in the third quarter. SignalPoint Asset Management LLC now owns 751 shares of the company’s stock valued at $215,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds 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.