CrowdStrike (NASDAQ:CRWD) Shares Up 1.8% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price rose 1.8% during trading on Friday after Jefferies Financial Group raised their price target on the stock from $415.00 to $450.00. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike traded as high as $359.00 and last traded at $357.19. Approximately 1,272,868 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 4,921,343 shares. The stock had previously closed at $351.03.

CRWD has been the topic of several other reports. Needham & Company LLC raised their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Piper Sandler boosted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Cantor Fitzgerald increased their target price on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Wedbush set a $330.00 price target on CrowdStrike in a research report on Thursday, October 17th. Finally, Stifel Nicolaus upped their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $361.25.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 144,498 shares of company stock worth $45,599,730. 4.34% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Synergy Financial Group LTD boosted its position in shares of CrowdStrike by 0.8% in the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after purchasing an additional 30 shares during the period. Sunpointe LLC raised its position in CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after buying an additional 34 shares during the period. Hilltop Holdings Inc. lifted its stake in CrowdStrike by 1.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after acquiring an additional 34 shares in the last quarter. Interchange Capital Partners LLC boosted its position in CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after acquiring an additional 39 shares during the period. Finally, JFS Wealth Advisors LLC grew its stake in CrowdStrike by 9.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock valued at $134,000 after acquiring an additional 40 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Up 3.2 %

The business has a fifty day moving average price of $336.89 and a two-hundred day moving average price of $315.52. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $89.24 billion, a price-to-earnings ratio of 710.39, a P/E/G ratio of 19.48 and a beta of 1.11.

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.