CrowdStrike (NASDAQ:CRWD) Trading Up 0.7% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 0.7% during trading 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 changed 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 brokerages have also commented on CRWD. DA Davidson restated a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. Morgan Stanley increased their price target on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. BMO Capital Markets boosted their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. raised their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $365.88.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was 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 represents a 3.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,601 shares of company stock worth $40,755,368. 4.34% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the second quarter valued at about $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike in the third quarter worth about $28,000. Tsfg LLC lifted its stake 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 purchasing an additional 89 shares during the last quarter. Castleview Partners LLC purchased a new stake in CrowdStrike in the 3rd quarter valued at about $32,000. Finally, Itau Unibanco Holding S.A. acquired a new position in CrowdStrike in the second quarter valued at about $33,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 0.7 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $89.30 billion, a PE ratio of 710.86, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14. The company’s 50 day simple moving average is $349.00 and its two-hundred day simple moving average is $313.59.

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.