CrowdStrike (NASDAQ:CRWD) Trading Up 2% – Here’s Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price shot up 2% on Monday . The company traded as high as $389.25 and last traded at $385.46. 1,048,245 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 4,994,831 shares. The stock had previously closed at $377.90.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CRWD shares. Barclays cut their price objective on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Morgan Stanley set a $429.00 price objective on shares of CrowdStrike in a report on Tuesday, March 18th. Stephens assumed coverage on shares of CrowdStrike in a report on Tuesday, April 1st. They issued an “overweight” rating and a $450.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price target on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $400.88.

CrowdStrike Price Performance

The company has a market capitalization of $97.36 billion, a PE ratio of 770.21, a PEG ratio of 17.86 and a beta of 1.28. 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 company’s 50 day moving average price is $378.80 and its 200-day moving average price is $356.24.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. This trade represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’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 transaction of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,801 shares of company stock valued at $44,134,002. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FSA Wealth Management LLC raised its position in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after purchasing an additional 23 shares during the period. Jacobi Capital Management LLC grew its stake in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after buying an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after buying an additional 27 shares during the period. Wintrust Investments LLC lifted its position in CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after acquiring an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its holdings in CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after acquiring an additional 30 shares during the period. 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.