CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.5% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Free Report)’s share price rose 0.5% on Tuesday after The Goldman Sachs Group raised their price target on the stock from $372.00 to $415.00. The Goldman Sachs Group currently has a buy rating on the stock. CrowdStrike traded as high as $365.40 and last traded at $363.16. Approximately 577,089 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 4,911,281 shares. The stock had previously closed at $361.50.

A number of other analysts have also issued reports on the company. Stifel Nicolaus boosted their target price on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Raymond James dropped their price objective on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Royal Bank of Canada dropped their price target on shares of CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. TD Cowen decreased their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Truist Financial upped their target price on shares of CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $364.25.

Check Out Our Latest Stock Report on CrowdStrike

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares in the company, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the sale, the director now owns 821,766 shares in the company, valued at $263,277,391.08. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,036 shares of company stock worth $20,523,497 in the last quarter. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike during the second quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike during the third quarter worth approximately $28,000. Tsfg LLC raised its holdings in shares of 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 in the last quarter. Castleview Partners LLC acquired a new position in CrowdStrike in the third quarter worth approximately $32,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at $33,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

The firm has a market capitalization of $90.10 billion, a P/E ratio of 717.25, a P/E/G ratio of 19.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a 50 day moving average of $339.18 and a two-hundred day moving average of $315.67.

CrowdStrike Company Profile

(Get Free Report)

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.

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