CrowdStrike (NASDAQ:CRWD) Trading Up 1.2% After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded up 1.2% on Wednesday after The Goldman Sachs Group raised their price target on the stock from $372.00 to $415.00. The Goldman Sachs Group currently has a buy rating on the stock. CrowdStrike traded as high as $366.00 and last traded at $365.79. 1,289,659 shares were traded during mid-day trading, a decline of 74% from the average session volume of 4,914,497 shares. The stock had previously closed at $361.50.

Several other equities research analysts have also recently weighed in on the company. Royal Bank of Canada reduced their price objective on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research report on Thursday, October 17th. KeyCorp boosted their target price on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Wells Fargo & Company upped their target price on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, BNP Paribas started coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $364.25.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the transaction, the director now owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,036 shares of company stock worth $20,523,497. 4.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently added to or reduced their stakes in the stock. Synergy Financial Group LTD increased its stake in shares of CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after purchasing an additional 30 shares in the last quarter. Sunpointe LLC raised its position in shares of CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after buying an additional 34 shares during the last quarter. Hilltop Holdings Inc. lifted its stake in CrowdStrike by 1.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after purchasing an additional 34 shares in the last quarter. Interchange Capital Partners LLC increased its holdings in shares of CrowdStrike by 1.1% in the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after purchasing an additional 39 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in CrowdStrike by 9.1% during the third quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock worth $134,000 after buying an additional 40 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Up 1.2 %

The company has a market capitalization of $90.10 billion, a PE ratio of 717.25, a PEG ratio of 19.48 and a beta of 1.11. The company has a fifty day simple moving average of $339.18 and a 200-day simple moving average of $315.67. The company has a current ratio of 1.86, a quick 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.