CrowdStrike (NASDAQ:CRWD) Shares Up 0.7% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was up 0.7% on Wednesday after Truist Financial raised their price target on the stock from $375.00 to $385.00. Truist Financial currently has a buy rating on the stock. CrowdStrike traded as high as $365.07 and last traded at $362.53. Approximately 719,861 shares changed hands during trading, a decline of 69% from the average daily volume of 2,315,588 shares. The stock had previously closed at $359.93.

A number of other equities research analysts also recently weighed in on CRWD. Wells Fargo & Company lifted their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. The Goldman Sachs Group lifted their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Needham & Company LLC increased their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Piper Sandler lifted their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $330.00 price target on shares of CrowdStrike in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $365.88.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. This represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the transaction, the director now owns 811,842 shares in the company, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,601 shares of company stock worth $40,755,368. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in the business. Fulton Bank N.A. boosted its position in shares of CrowdStrike by 3.2% during the 4th quarter. Fulton Bank N.A. now owns 2,211 shares of the company’s stock worth $757,000 after purchasing an additional 68 shares in the last quarter. Regent Peak Wealth Advisors LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $212,000. Bank of New Hampshire boosted its holdings in CrowdStrike by 14.5% in the fourth quarter. Bank of New Hampshire now owns 4,111 shares of the company’s stock worth $1,407,000 after acquiring an additional 520 shares in the last quarter. Fortem Financial Group LLC grew its stake in CrowdStrike by 3.1% in the fourth quarter. Fortem Financial Group LLC now owns 1,677 shares of the company’s stock valued at $574,000 after acquiring an additional 50 shares during the period. Finally, Bard Financial Services Inc. increased its holdings in shares of CrowdStrike by 2.3% during the fourth quarter. Bard Financial Services Inc. now owns 2,220 shares of the company’s stock valued at $760,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

The business has a 50-day moving average price of $350.02 and a two-hundred day moving average price of $313.90. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $88.36 billion, a price-to-earnings ratio of 703.39, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14.

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.