CrowdStrike (NASDAQ:CRWD) Stock Price Up 2.8% – Here’s Why

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 2.8% on Wednesday . The stock traded as high as $347.32 and last traded at $339.12. 1,840,788 shares traded hands during trading, a decline of 54% from the average session volume of 4,008,777 shares. The stock had previously closed at $329.75.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRWD. Cantor Fitzgerald reiterated an “overweight” rating and set a $440.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Wedbush boosted their target price on CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, KeyCorp dropped their price target on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $398.78.

CrowdStrike Stock Up 4.5 %

The stock’s 50-day moving average price is $386.01 and its two-hundred day moving average price is $340.21. 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 $84.86 billion, a P/E ratio of 674.55, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. FSA Wealth Management LLC raised its stake in shares of 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 acquiring an additional 23 shares during the last quarter. Jacobi Capital Management LLC raised its position in CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares during the period. Wintrust Investments LLC lifted its holdings in 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 period. Finally, Synergy Financial Group LTD grew its position in shares of CrowdStrike by 0.8% in the 3rd 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 last quarter. Institutional investors 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.