CrowdStrike (NASDAQ:CRWD) Trading 0.2% Higher on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price was up 0.2% on Wednesday after Jefferies Financial Group raised their price target on the stock from $315.00 to $345.00. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike traded as high as $291.73 and last traded at $288.99. Approximately 769,685 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 5,344,431 shares. The stock had previously closed at $288.54.

CRWD has been the topic of several other research reports. Canaccord Genuity Group lowered their price target on CrowdStrike from $340.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Mizuho lowered their price objective on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and cut their target price for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. Finally, Royal Bank of Canada reduced their target price on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $326.50.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,962 shares of company stock valued at $34,477,948. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Institutional investors have recently bought and sold shares of the company. Burney Co. bought a new position in shares of CrowdStrike in the first quarter worth approximately $1,342,000. Principal Financial Group Inc. boosted its stake in CrowdStrike by 429.2% during the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after purchasing an additional 242,052 shares during the last quarter. BNP Paribas bought a new stake in shares of CrowdStrike in the 1st quarter worth $2,685,000. Swedbank AB purchased a new position in shares of CrowdStrike in the first quarter worth $73,972,000. Finally, Wellington Management Group LLP lifted its holdings in shares of CrowdStrike by 5,452.5% during the fourth quarter. Wellington Management Group LLP now owns 144,532 shares of the company’s stock valued at $36,902,000 after purchasing an additional 141,929 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

The firm has a 50-day moving average of $261.24 and a 200 day moving average of $311.60. The company has a market capitalization of $69.00 billion, a PE ratio of 531.10, a PEG ratio of 19.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the firm posted $0.06 EPS. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

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.