CrowdStrike (NASDAQ:CRWD) Reaches New 12-Month High – Still a Buy?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $402.38 and last traded at $400.20, with a volume of 1727765 shares changing hands. The stock had previously closed at $373.75.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CRWD shares. BMO Capital Markets lifted their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Truist Financial upped their target price on CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Oppenheimer raised their price target on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. BNP Paribas began coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price for the company. Finally, Piper Sandler lifted their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $369.00.

CrowdStrike Stock Performance

The stock has a market cap of $97.89 billion, a P/E ratio of 785.38, a P/E/G ratio of 20.07 and a beta of 1.14. The firm has a 50 day moving average of $361.31 and a two-hundred day moving average of $312.25. 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 Activity

In other news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. This represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC acquired a new position in CrowdStrike in the fourth quarter valued at about $27,000. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in CrowdStrike in the 2nd quarter worth $38,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the third quarter worth about $28,000. Finally, Luken Investment Analytics LLC bought a new position in shares of CrowdStrike during the fourth quarter worth about $34,000. 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.