CrowdStrike (NASDAQ:CRWD) Stock Price Up 2.7% After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares rose 2.7% during trading on Friday after Hsbc Global Res upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $284.11 and last traded at $279.13. Approximately 2,248,155 shares changed hands during trading, a decline of 58% from the average daily volume of 5,412,108 shares. The stock had previously closed at $271.67.

Several other research analysts have also commented on CRWD. Oppenheimer lowered their price target on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research report on Thursday. Robert W. Baird decreased their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday. Raymond James decreased their target price on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday. Barclays lifted their target price on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Truist Financial reiterated a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $329.47.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the transaction, the insider now owns 200,672 shares in the company, valued at approximately $76,843,328.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO George Kurtz sold 55,587 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the transaction, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at approximately $424,576,497.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the transaction, the insider now directly owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The disclosure for this sale can be found here. Insiders have sold 130,219 shares of company stock worth $48,856,294 in the last quarter. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares during the period. Norges Bank acquired a new stake in shares of CrowdStrike in the 4th quarter worth approximately $683,336,000. First Trust Advisors LP grew its holdings in shares of CrowdStrike by 19.3% in the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after acquiring an additional 358,945 shares during the period. Legal & General Group Plc grew its holdings in shares of CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after acquiring an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after acquiring an additional 77,100 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 2.1 %

The business has a fifty day moving average of $301.88 and a two-hundred day moving average of $318.20. The firm has a market cap of $67.48 billion, a price-to-earnings ratio of 523.17, a PEG ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

About CrowdStrike

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.