CrowdStrike (NASDAQ:CRWD) Shares Up 4.6% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was up 4.6% on Friday . The stock traded as high as $349.23 and last traded at $347.75. Approximately 1,137,995 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 4,028,029 shares. The stock had previously closed at $332.53.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CRWD shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. KeyCorp cut their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Truist Financial boosted their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $398.78.

CrowdStrike Stock Up 6.4 %

The company’s fifty day moving average is $385.70 and its 200-day moving average is $341.31. The company has a market capitalization of $87.13 billion, a PE ratio of 693.60, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Buying and Selling

In related news, CFO Burt W. Podbere sold 11,217 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the sale, the chief financial officer now directly owns 290,711 shares of the company’s stock, valued at approximately $104,115,237.54. This represents a 3.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Berbice Capital Management LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. boosted its stake in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Fortitude Family Office LLC boosted its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the period. Crowley Wealth Management Inc. bought a new position in CrowdStrike in the 4th quarter worth approximately $34,000. Finally, Luken Investment Analytics LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $34,000. 71.16% of the stock is currently owned by institutional investors.

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.