CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.8% Following Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 1.8% during mid-day trading on Tuesday after Scotiabank raised their price target on the stock from $300.00 to $370.00. Scotiabank currently has a sector perform rating on the stock. CrowdStrike traded as high as $364.54 and last traded at $363.39. Approximately 635,842 shares were traded during trading, a decline of 77% from the average daily volume of 2,740,076 shares. The stock had previously closed at $357.00.

A number of other equities analysts have also issued reports on the stock. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Rosenblatt Securities upped their target price on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Citigroup upped their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a report on Monday, September 30th. Finally, Wells Fargo & Company increased their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.00.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock worth $38,935,113 over the last quarter. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

A number of institutional investors have recently bought and sold shares of CRWD. Jennison Associates LLC boosted its holdings 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 purchasing an additional 1,013,161 shares during the period. International Assets Investment Management LLC boosted its holdings in CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after purchasing an additional 920,695 shares during the period. Daiwa Securities Group Inc. boosted its holdings in CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after purchasing an additional 712,900 shares during the period. Assenagon Asset Management S.A. boosted 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 during the period. Finally, State Street Corp boosted its holdings in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.6 %

The firm’s 50-day moving average price is $356.16 and its 200 day moving average price is $311.67. The company has a market capitalization of $90.25 billion, a price-to-earnings ratio of 718.47, a PEG ratio of 18.99 and a beta of 1.14. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.