CrowdStrike (NASDAQ:CRWD) Rating Increased to Buy at BTIG Research

BTIG Research upgraded shares of CrowdStrike (NASDAQ:CRWD) from a neutral rating to a buy rating in a research note released on Tuesday, Marketbeat.com reports. They currently have $431.00 price objective on the stock.

Several other research firms have also recently commented on CRWD. Mizuho raised their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research note on Wednesday, November 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $450.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Robert W. Baird reduced their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Finally, BMO Capital Markets upped their target price on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $400.26.

CrowdStrike Stock Up 3.3 %

Shares of CrowdStrike stock opened at $384.95 on Tuesday. 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 1 year low of $200.81 and a 1 year high of $455.59. The stock has a 50-day moving average price of $387.90 and a 200 day moving average price of $347.04. The company has a market cap of $95.42 billion, a P/E ratio of 754.82, a P/E/G ratio of 17.86 and a beta of 1.19.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 2,547 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $365.96, for a total value of $932,100.12. Following the sale, the insider now owns 82,071 shares of the company’s stock, valued at $30,034,703.16. The trade was a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,659 shares of company stock worth $43,133,396. 4.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently modified their holdings of CRWD. Vanguard Group Inc. boosted its stake in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after buying an additional 342,294 shares in the last quarter. State Street Corp lifted its holdings in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares during the period. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after purchasing an additional 352,180 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of CrowdStrike during the 4th quarter worth about $1,111,542,000. 71.16% of the stock is currently owned by institutional investors.

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.