CrowdStrike (NASDAQ:CRWD) Trading Up 1.2% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price shot up 1.2% on Thursday 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 $365.00 and last traded at $353.28. 1,168,131 shares changed hands during trading, a decline of 76% from the average session volume of 4,923,367 shares. The stock had previously closed at $349.18.

Several other brokerages have also weighed in on CRWD. Oppenheimer increased their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Stifel Nicolaus increased their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday. Rosenblatt Securities raised their price target on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Royal Bank of Canada dropped their price objective on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Finally, CICC Research began coverage on CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $361.25.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,498 shares of company stock worth $45,599,730 over the last quarter. 4.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth about $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the third quarter valued at about $28,000. Tsfg LLC increased its position in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares during the period. Family Firm Inc. acquired a new stake in CrowdStrike in the 2nd quarter worth about $30,000. Finally, Castleview Partners LLC bought a new stake in CrowdStrike in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Trading Up 3.2 %

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 capitalization 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. The business’s 50-day moving average price is $336.89 and its two-hundred day moving average price is $315.52.

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.