CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.4% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares shot up 0.4% during trading on Tuesday after KeyCorp raised their price target on the stock from $395.00 to $480.00. KeyCorp currently has an overweight rating on the stock. CrowdStrike traded as high as $430.41 and last traded at $430.84. 469,997 shares were traded during mid-day trading, a decline of 85% from the average session volume of 3,099,389 shares. The stock had previously closed at $428.92.

A number of other brokerages have also commented on CRWD. The Goldman Sachs Group boosted their price target on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Scotiabank raised their price target on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Susquehanna increased their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Finally, HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $372.13.

Insider Buying and Selling at CrowdStrike

In related news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,565 shares of company stock valued at $39,898,614. 4.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRWD. AllSquare Wealth Management LLC raised its stake in shares of CrowdStrike by 88.5% during the fourth quarter. AllSquare Wealth Management LLC now owns 213 shares of the company’s stock valued at $73,000 after acquiring an additional 100 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in CrowdStrike by 6.3% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 10,375 shares of the company’s stock valued at $3,550,000 after purchasing an additional 611 shares during the period. RWQ Financial Management Services Inc. bought a new position in CrowdStrike during the 4th quarter worth $15,987,000. Monetta Financial Services Inc. bought a new position in shares of CrowdStrike during the fourth quarter worth about $855,000. Finally, Whittier Trust Co. increased its position in CrowdStrike by 11.3% during the 4th quarter. Whittier Trust Co. now owns 24,472 shares of the company’s stock valued at $8,373,000 after purchasing an additional 2,480 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

The company has a market capitalization of $106.16 billion, a P/E ratio of 845.30, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock’s 50 day moving average price is $370.16 and its 200 day moving average price is $317.93.

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.