CrowdStrike (NASDAQ:CRWD) Shares Gap Up Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) gapped up before the market opened on Thursday after Jefferies Financial Group raised their price target on the stock from $415.00 to $450.00. The stock had previously closed at $349.18, but opened at $364.93. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike shares last traded at $354.53, with a volume of 547,700 shares traded.

Several other equities analysts also recently commented on CRWD. Truist Financial increased their target price on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Rosenblatt Securities upped their price target on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Argus decreased their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Stifel Nicolaus increased their price objective on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, CICC Research started coverage on CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 target price for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.25.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 144,498 shares of company stock worth $45,599,730. 4.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike in the second quarter valued at about $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike during the third quarter worth about $28,000. Tsfg LLC boosted its holdings in shares of CrowdStrike by 593.3% in the 3rd 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. Family Firm Inc. purchased a new position in shares of CrowdStrike during the 2nd quarter valued at about $30,000. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike in the 3rd quarter worth approximately $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 0.5 %

The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $336.05 and a 200-day simple moving average of $315.15. The company has a market cap of $86.46 billion, a PE ratio of 688.31, a P/E/G ratio of 19.48 and a beta of 1.11.

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.