CrowdStrike (NASDAQ:CRWD) Upgraded to Buy at BTIG Research

CrowdStrike (NASDAQ:CRWD) was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat reports. The firm currently has a $431.00 target price on the stock. BTIG Research’s price objective would indicate a potential upside of 15.66% from the company’s previous close.

Several other equities research analysts also recently commented on the company. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Piper Sandler set a $347.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Morgan Stanley started coverage on shares of CrowdStrike in a report on Tuesday, March 18th. They set an “overweight” rating for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.26.

CrowdStrike Stock Up 2.9 %

Shares of CrowdStrike stock opened at $372.64 on Tuesday. The company has a fifty day moving average price of $387.16 and a 200 day moving average price of $346.07. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. The stock has a market cap of $92.37 billion, a price-to-earnings ratio of 730.68, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,858 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now owns 38,201 shares in the company, valued at approximately $13,916,242.29. The trade was a 6.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the transaction, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,858 shares of company stock worth $21,288,706. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRWD. Vanguard Group Inc. lifted its position in CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the period. State Street Corp lifted its holdings in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the period. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after buying an additional 352,180 shares during the period. Geode Capital Management LLC grew its holdings in CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after acquiring an additional 124,984 shares during the period. Finally, Norges Bank acquired a new position in CrowdStrike during the fourth quarter worth about $1,111,542,000. 71.16% of the stock is currently owned by institutional investors.

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.