CrowdStrike (NASDAQ:CRWD) Stock Price Up 2.1% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares were up 2.1% during mid-day trading on Monday after Royal Bank of Canada raised their price target on the stock from $365.00 to $420.00. Royal Bank of Canada currently has an outperform rating on the stock. CrowdStrike traded as high as $368.39 and last traded at $366.46. Approximately 812,546 shares traded hands during trading, a decline of 60% from the average daily volume of 2,016,086 shares. The stock had previously closed at $359.02.

Several other equities research analysts also recently commented on CRWD. Sanford C. Bernstein cut their price objective on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Jefferies Financial Group increased their price target on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. JMP Securities reiterated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. Finally, Oppenheimer upped their price objective on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating 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 issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $365.63.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the sale, the director now directly owns 821,766 shares in the company, valued at $263,277,391.08. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,601 shares of company stock worth $40,755,368. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the second quarter worth approximately $25,000. Itau Unibanco Holding S.A. acquired a new position in shares of CrowdStrike in the 2nd quarter worth approximately $33,000. Fairfield Financial Advisors LTD bought a new stake in shares of CrowdStrike in the 2nd quarter valued at $38,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of CrowdStrike during the second quarter worth $38,000. Finally, Oakworth Capital Inc. bought a new position in CrowdStrike during the third quarter worth $28,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Trading Up 2.0 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $90.24 billion, a price-to-earnings ratio of 718.37, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14. The firm’s fifty day moving average is $348.02 and its 200-day moving average is $313.73.

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.