CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.6% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 1.6% during trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $418.00 to $450.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. CrowdStrike traded as high as $389.41 and last traded at $386.22. 835,898 shares were traded during trading, a decline of 74% from the average session volume of 3,252,329 shares. The stock had previously closed at $380.24.

CRWD has been the topic of several other research reports. Robert W. Baird reaffirmed a “neutral” rating and set a $430.00 price objective (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Stifel Nicolaus upped their price objective on CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. KeyCorp upped their price objective on CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, CICC Research began coverage on CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $389.50.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 17,120 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now owns 780,592 shares in the company, valued at $334,194,852.96. This trade represents a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,565 shares of company stock worth $40,570,629. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of the stock. FSA Wealth Management LLC grew its holdings in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after acquiring an additional 23 shares in the last quarter. Jacobi Capital Management LLC lifted its stake in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after purchasing an additional 27 shares during the last quarter. Wintrust Investments LLC lifted its stake in CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after purchasing an additional 29 shares during the last quarter. Finally, Synergy Financial Group LTD lifted its stake in CrowdStrike by 0.8% in the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

The firm has a market capitalization of $95.98 billion, a price-to-earnings ratio of 764.05, a P/E/G ratio of 17.86 and a beta of 1.16. The company’s 50 day moving average is $386.94 and its 200-day moving average is $334.90. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.