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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price shot up 1.6% during trading on Monday after Truist Financial raised their price target on the stock from $325.00 to $375.00. Truist Financial currently has a buy rating on the stock. CrowdStrike traded as high as $342.74 and last traded at $342.02. 549,091 shares were traded during mid-day trading, a decline of 89% from the average session volume of 5,004,037 shares. The stock had previously closed at $336.75.

A number of other equities analysts have also weighed in on the stock. Oppenheimer lowered their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Jefferies Financial Group boosted their target price on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Stifel Nicolaus decreased their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Raymond James decreased their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $331.90.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike in the third quarter worth $28,000. Tsfg LLC increased its position in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the period. Family Firm Inc. acquired a new stake in CrowdStrike in the second quarter worth $30,000. Finally, Castleview Partners LLC acquired a new stake in CrowdStrike in the third quarter worth $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company has a 50-day simple moving average of $299.72 and a two-hundred day simple moving average of $310.63. The stock has a market capitalization of $84.07 billion, a price-to-earnings ratio of 497.06, a price-to-earnings-growth ratio of 22.77 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 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.