CrowdStrike (NASDAQ:CRWD) Trading Up 1.3% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares rose 1.3% during mid-day trading on Friday after KeyCorp raised their price target on the stock from $345.00 to $395.00. KeyCorp currently has an overweight rating on the stock. CrowdStrike traded as high as $366.66 and last traded at $362.08. Approximately 799,822 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 4,972,516 shares. The stock had previously closed at $357.55.

CRWD has been the subject of a number of other research reports. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. BNP Paribas assumed coverage on CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective on the stock. Stifel Nicolaus boosted their target price on CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday. CICC Research assumed coverage on CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price target on the stock. Finally, Barclays lifted their price target on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $335.62.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,248 shares of company stock valued at $32,465,110. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new position in CrowdStrike during the third quarter worth $28,000. Tsfg LLC raised its holdings in shares of CrowdStrike by 593.3% in 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 last quarter. Family Firm Inc. purchased a new stake in shares of CrowdStrike in the second quarter valued at $30,000. Finally, Castleview Partners LLC acquired a new stake in shares of CrowdStrike during the third quarter valued at $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 4.1 %

The business has a 50-day moving average of $308.04 and a 200 day moving average of $311.91. The stock has a market cap of $91.25 billion, a PE ratio of 539.51, a PEG ratio of 25.88 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.49 EPS 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.