CrowdStrike (NASDAQ:CRWD) Upgraded at BTIG Research

BTIG Research upgraded shares of CrowdStrike (NASDAQ:CRWD) from a neutral rating to a buy rating in a report released on Tuesday morning, MarketBeat.com reports. They currently have $431.00 target price on the stock.

A number of other equities analysts also recently weighed in on the company. Wedbush upped their price target on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. BMO Capital Markets lifted their price target on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Citigroup restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. increased their price target on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $400.26.

CrowdStrike Trading Down 1.3 %

Shares of NASDAQ CRWD opened at $366.56 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. The company’s fifty day moving average is $388.15 and its 200-day moving average is $347.35. The stock has a market cap of $90.86 billion, a price-to-earnings ratio of 718.76, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the transaction, the director now owns 811,842 shares in the company, valued at $280,613,187.30. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,801 shares of company stock valued at $42,092,255 over the last 90 days. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently bought and sold shares of the company. Kingsview Wealth Management LLC raised its position in CrowdStrike by 9.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 8,146 shares of the company’s stock worth $2,285,000 after purchasing an additional 684 shares during the period. Fisher Asset Management LLC increased its position in CrowdStrike by 17.9% during the 3rd quarter. Fisher Asset Management LLC now owns 2,230 shares of the company’s stock valued at $626,000 after buying an additional 339 shares in the last quarter. Boston Family Office LLC increased its stake in CrowdStrike by 64.7% during the 3rd quarter. Boston Family Office LLC now owns 2,278 shares of the company’s stock valued at $639,000 after purchasing an additional 895 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of CrowdStrike by 101.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the company’s stock worth $71,000 after purchasing an additional 128 shares in the last quarter. Finally, Truvestments Capital LLC raised its holdings in shares of CrowdStrike by 18.1% during the third quarter. Truvestments Capital LLC now owns 926 shares of the company’s stock valued at $260,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.