CrowdStrike (NASDAQ:CRWD) Trading 0.7% Higher Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 0.7% on Wednesday after Truist Financial raised their price target on the stock from $375.00 to $385.00. Truist Financial currently has a buy rating on the stock. CrowdStrike traded as high as $365.07 and last traded at $362.53. Approximately 719,861 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 2,315,588 shares. The stock had previously closed at $359.93.

Several other research analysts have also recently issued reports on CRWD. Cantor Fitzgerald lifted their target price on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Robert W. Baird upped their target price on shares of CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. DA Davidson reissued a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a research report on Wednesday, September 18th. BNP Paribas started coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price objective for the company. Finally, Jefferies Financial Group increased their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $365.88.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,601 shares of company stock valued at $40,755,368. 4.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRWD. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the 2nd quarter worth $25,000. Oakworth Capital Inc. purchased a new position in CrowdStrike in the third quarter worth $28,000. Tsfg LLC increased its stake in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the last quarter. Castleview Partners LLC purchased a new stake in CrowdStrike during the third quarter valued at about $32,000. Finally, Itau Unibanco Holding S.A. bought a new stake in CrowdStrike during the second quarter worth about $33,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

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 stock has a market capitalization of $88.36 billion, a PE ratio of 703.39, a PEG ratio of 19.48 and a beta of 1.14. The business has a fifty day moving average price of $350.02 and a 200-day moving average price of $313.90.

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.