CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.3% After 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 traded 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.

Several other equities research analysts have also recently issued reports on CRWD. Morgan Stanley lifted their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday. Evercore ISI cut their price objective on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Stifel Nicolaus increased their target price on shares of CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday. Wedbush set a $330.00 price target on shares of CrowdStrike in a research note on Thursday, October 17th. Finally, BMO Capital Markets increased their price objective on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $335.62.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now owns 816,730 shares in the company, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tri Ri Asset Management Corp bought a new stake in CrowdStrike during the third quarter worth about $5,456,000. SOA Wealth Advisors LLC. lifted its position in CrowdStrike by 25.5% during the third quarter. SOA Wealth Advisors LLC. now owns 241 shares of the company’s stock worth $68,000 after purchasing an additional 49 shares during the period. Westside Investment Management Inc. raised its position in CrowdStrike by 44.7% during the third quarter. Westside Investment Management Inc. now owns 4,988 shares of the company’s stock valued at $1,397,000 after purchasing an additional 1,542 shares in the last quarter. Advisory Resource Group lifted its stake in CrowdStrike by 37.9% in the 3rd quarter. Advisory Resource Group now owns 4,025 shares of the company’s stock valued at $1,129,000 after purchasing an additional 1,106 shares during the last quarter. Finally, Second Line Capital LLC increased its holdings in CrowdStrike by 28.4% in the 3rd quarter. Second Line Capital LLC now owns 972 shares of the company’s stock worth $273,000 after purchasing an additional 215 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Up 2.1 %

The stock has a 50 day moving average price of $305.77 and a 200 day moving average price of $311.53. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $89.47 billion, a price-to-earnings ratio of 524.75, a price-to-earnings-growth ratio of 23.89 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. As a group, analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current 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.