CrowdStrike (NASDAQ:CRWD) Reaches New 12-Month High – Should You Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price reached a new 52-week high during trading on Saturday . The stock traded as high as $459.93 and last traded at $455.59, with a volume of 4482866 shares. The stock had previously closed at $444.07.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CRWD. DA Davidson upped their price target on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Susquehanna increased their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research report on Wednesday, March 5th. Wedbush increased their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. DZ Bank lowered shares of CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 target price for the company. in a research report on Thursday. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Three equities research analysts have 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 stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $403.83.

CrowdStrike Price Performance

The stock has a market capitalization of $112.93 billion, a PE ratio of 893.33, a PEG ratio of 17.86 and a beta of 1.22. The business has a fifty day moving average price of $395.04 and a 200-day moving average price of $379.13. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 2,141 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $371.79, for a total value of $796,002.39. Following the completion of the sale, the chief accounting officer now owns 34,024 shares of the company’s stock, valued at approximately $12,649,782.96. This trade represents a 5.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,431 shares of company stock worth $74,472,548 in the last ninety days. 3.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the business. Cloud Capital Management LLC purchased a new stake in CrowdStrike in the 1st quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new stake in CrowdStrike in the 1st quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 58 shares during the period. Finally, Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at approximately $27,000. Hedge funds and other 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.