CrowdStrike (NASDAQ:CRWD) Trading 0.3% Higher After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares were up 0.3% during trading on Thursday after Rosenblatt Securities raised their price target on the stock from $385.00 to $450.00. Rosenblatt Securities currently has a buy rating on the stock. CrowdStrike traded as high as $406.53 and last traded at $395.74. Approximately 1,064,782 shares traded hands during trading, a decline of 67% from the average daily volume of 3,262,363 shares. The stock had previously closed at $394.56.

Other analysts also recently issued research reports about the stock. Piper Sandler lifted their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. The Goldman Sachs Group lifted their price objective on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Susquehanna increased their target price on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. BMO Capital Markets lifted their price target on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, UBS Group increased their price objective on CrowdStrike from $396.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $388.70.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the sale, the president now owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,565 shares of company stock valued at $51,038,529 over the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the business. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $27,000. Fortitude Family Office LLC boosted its position in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. increased its holdings in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in CrowdStrike in the fourth quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $97.19 billion, a PE ratio of 773.39, a P/E/G ratio of 17.86 and a beta of 1.16. The company has a 50-day moving average price of $385.81 and a two-hundred day moving average price of $333.53.

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.