CrowdStrike (NASDAQ:CRWD) Trading Up 1.1% After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares shot up 1.1% during mid-day trading on Wednesday after KeyCorp raised their price target on the stock from $380.00 to $440.00. KeyCorp currently has an overweight rating on the stock. CrowdStrike traded as high as $389.40 and last traded at $389.13. 562,630 shares changed hands during trading, a decline of 86% from the average session volume of 4,147,270 shares. The stock had previously closed at $385.05.

Several other equities analysts have also weighed in on CRWD. BTIG Research cut their target price on shares of CrowdStrike from $432.00 to $402.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Barclays lifted their price target on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Jefferies Financial Group lifted their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Piper Sandler cut shares of CrowdStrike from an “overweight” rating to a “neutral” rating and set a $400.00 price target on the stock. in a research note on Tuesday. Finally, Citigroup lifted their price target on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $382.35.

Insider Buying and Selling at CrowdStrike

In other news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the sale, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a filing 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 that occurred on Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the transaction, the insider now directly owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The disclosure for this sale can be found here. Insiders have sold 219,675 shares of company stock valued at $76,681,402 over the last 90 days. 4.34% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First International Bank & Trust purchased a new stake in CrowdStrike during the second quarter worth approximately $245,000. Modus Advisors LLC raised its holdings in CrowdStrike by 1.1% during the second quarter. Modus Advisors LLC now owns 4,251 shares of the company’s stock worth $1,629,000 after purchasing an additional 48 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of CrowdStrike by 4.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 20,437 shares of the company’s stock worth $7,831,000 after buying an additional 951 shares during the last quarter. First Hawaiian Bank boosted its holdings in shares of CrowdStrike by 10.9% in the 2nd quarter. First Hawaiian Bank now owns 3,853 shares of the company’s stock valued at $1,476,000 after buying an additional 380 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of CrowdStrike by 134.4% in the 2nd quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock valued at $253,000 after buying an additional 379 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

The firm’s fifty day moving average price is $345.31 and its 200-day moving average price is $316.23. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm has a market cap of $94.22 billion, a price-to-earnings ratio of 730.54, a PEG ratio of 19.31 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. Analysts expect that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

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.