CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.6% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price was up 1.6% on Friday 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 $389.41 and last traded at $386.22. Approximately 835,898 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 3,252,329 shares. The stock had previously closed at $380.24.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group increased their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Jefferies Financial Group boosted their target price on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada boosted their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Mizuho upped their price target on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, CICC Research began coverage on CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $388.70.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the transaction, the director now owns 809,266 shares in the company, valued at $282,708,984.44. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 position. The disclosure for this sale can be found here. Insiders have sold 106,565 shares of company stock valued at $40,570,629 in the last quarter. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of CrowdStrike during the 4th quarter worth about $59,596,000. Brooklyn FI LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $3,927,000. Bernard Wealth Management Corp. acquired a new position in CrowdStrike during the 4th quarter worth approximately $2,070,000. Heck Capital Advisors LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $628,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of CrowdStrike by 118.4% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 23,092 shares of the company’s stock worth $7,901,000 after purchasing an additional 12,521 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Up 1.1 %

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 stock has a market capitalization of $94.70 billion, a P/E ratio of 757.30, a PEG ratio of 17.86 and a beta of 1.16. The stock has a 50 day moving average price of $386.39 and a 200-day moving average price of $333.85.

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.