CrowdStrike (NASDAQ:CRWD) Shares Up 1.3% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price rose 1.3% during trading on Thursday after Cantor Fitzgerald raised their price target on the stock from $350.00 to $370.00. Cantor Fitzgerald currently has an overweight rating on the stock. CrowdStrike traded as high as $361.24 and last traded at $354.86. Approximately 1,339,869 shares changed hands during trading, a decline of 73% from the average daily volume of 4,976,758 shares. The stock had previously closed at $350.15.

CRWD has been the subject of several other research reports. BMO Capital Markets raised their price objective on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and upped their price objective for the stock from $302.00 to $339.00 in a research note on Friday, August 30th. Needham & Company LLC initiated coverage on CrowdStrike in a research report on Monday, September 23rd. They set a “buy” rating and a $360.00 price target for the company. Robert W. Baird lowered their price objective on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, Stifel Nicolaus upped their price target on CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $334.33.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the transaction, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. This represents a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 in the last ninety days. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of CRWD. Quent Capital LLC lifted its stake in CrowdStrike by 59.9% in the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after acquiring an additional 88 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of CrowdStrike during the 1st quarter worth approximately $839,000. UniSuper Management Pty Ltd lifted its position in shares of CrowdStrike by 88.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 3,200 shares of the company’s stock worth $1,026,000 after buying an additional 1,500 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of CrowdStrike during the 1st quarter worth approximately $84,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of CrowdStrike during the 1st quarter worth approximately $103,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 2.5 %

The firm has a market cap of $87.98 billion, a PE ratio of 514.29, a P/E/G ratio of 23.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm’s 50-day moving average price is $303.76 and its two-hundred day moving average price is $311.21.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. As a group, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS 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.