CrowdStrike (NASDAQ:CRWD) Sets New 12-Month High – Time to Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $411.54 and last traded at $408.05, with a volume of 303304 shares. The stock had previously closed at $407.52.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Wells Fargo & Company upped their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Wedbush set a $330.00 target price on CrowdStrike in a research report on Thursday, October 17th. Stifel Nicolaus boosted their target price on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $370.00.

CrowdStrike Stock Up 0.2 %

The company has a market capitalization of $100.56 billion, a P/E ratio of 800.99, a PEG ratio of 21.13 and a beta of 1.16. The stock has a 50 day moving average price of $364.15 and a 200 day moving average price of $313.40. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Friday, November 15th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 2,858 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the completion of the sale, the chief accounting officer now directly owns 38,201 shares in the company, valued at approximately $13,916,242.29. The trade was a 6.96 % 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 worth $37,321,176. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the business. Synergy Financial Group LTD boosted its holdings in shares of CrowdStrike by 0.8% in 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 last quarter. M3 Advisory Group LLC grew its holdings in CrowdStrike by 2.8% during the 4th quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock valued at $407,000 after purchasing an additional 32 shares during the last quarter. Advisor OS LLC increased its stake in CrowdStrike by 2.5% in the 4th quarter. Advisor OS LLC now owns 1,312 shares of the company’s stock worth $449,000 after buying an additional 32 shares during the period. Meridian Financial Partners LLC increased its stake in shares of CrowdStrike by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after buying an additional 33 shares during the period. Finally, First Affirmative Financial Network boosted its position in CrowdStrike by 4.2% during the fourth quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock valued at $278,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

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.