CrowdStrike (NASDAQ:CRWD) Trading 1.8% Higher on Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 1.8% on Friday after Jefferies Financial Group raised their price target on the stock from $415.00 to $450.00. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike traded as high as $359.00 and last traded at $357.19. 1,272,868 shares were traded during mid-day trading, a decline of 74% from the average session volume of 4,921,343 shares. The stock had previously closed at $351.03.

A number of other equities research analysts have also weighed in on CRWD. JMP Securities reiterated a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Sanford C. Bernstein lowered their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Piper Sandler raised their price objective on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Truist Financial upped their target price on CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Royal Bank of Canada cut their price target on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $361.25.

Insider Buying and Selling at CrowdStrike

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

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its holdings in shares of CrowdStrike by 57.2% during the second quarter. Fifth Third Bancorp now owns 5,568 shares of the company’s stock valued at $2,134,000 after acquiring an additional 2,025 shares during the last quarter. GYL Financial Synergies LLC purchased a new position in CrowdStrike in the 2nd quarter valued at $292,000. Premier Path Wealth Partners LLC lifted its holdings in CrowdStrike by 45.8% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 1,502 shares of the company’s stock valued at $576,000 after purchasing an additional 472 shares in the last quarter. Avitas Wealth Management LLC purchased a new stake in shares of CrowdStrike during the second quarter worth $364,000. Finally, Quotient Wealth Partners LLC grew its holdings in shares of CrowdStrike by 5.0% during the second quarter. Quotient Wealth Partners LLC now owns 896 shares of the company’s stock worth $343,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

The firm has a market capitalization of $88.22 billion, a price-to-earnings ratio of 702.29, a PEG ratio of 19.48 and a beta of 1.11. The stock’s 50-day moving average price is $336.05 and its 200 day moving average price is $315.15. The company has a quick ratio of 1.86, a current 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.