CrowdStrike (NASDAQ:CRWD) Trading Up 1.8% After Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 1.8% during mid-day trading 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 changed hands during mid-day trading, a decline of 74% from the average daily volume of 4,921,343 shares. The stock had previously closed at $351.03.

Several other brokerages have also recently weighed in on CRWD. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Cantor Fitzgerald lifted their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. BMO Capital Markets boosted their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Bank of America lifted their price target on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, TD Cowen dropped their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $361.25.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. The trade was a 3.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,498 shares of company stock valued at $45,599,730. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Large investors have recently modified their holdings of the business. Jennison Associates LLC lifted its stake in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after acquiring an additional 920,695 shares during the last quarter. Daiwa Securities Group Inc. increased its position in CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares in the last quarter. Bank of New York Mellon Corp raised its stake in CrowdStrike by 47.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after purchasing an additional 564,662 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in CrowdStrike by 248.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after purchasing an additional 371,695 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Price Performance

The company has a market capitalization of $89.24 billion, a price-to-earnings ratio of 710.39, a PEG ratio of 19.48 and a beta of 1.11. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company’s 50 day simple moving average is $336.89 and its 200-day simple moving average is $315.52.

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.