CrowdStrike (NASDAQ:CRWD) Trading 0.8% Higher Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price shot up 0.8% during mid-day trading on Monday after Canaccord Genuity Group raised their price target on the stock from $370.00 to $420.00. Canaccord Genuity Group currently has a buy rating on the stock. CrowdStrike traded as high as $404.60 and last traded at $392.65. 1,313,749 shares were traded during mid-day trading, a decline of 60% from the average session volume of 3,276,385 shares. The stock had previously closed at $389.66.

CRWD has been the topic of a number of other research reports. Mizuho lifted their target price on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Cantor Fitzgerald lifted their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Barclays increased their target price on shares of CrowdStrike from $372.00 to $506.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Oppenheimer lifted their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $391.75.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,315 shares of company stock valued at $38,387,254. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Empirical Asset Management LLC acquired a new position in CrowdStrike during the 4th quarter valued at $11,310,000. Beacon Financial Advisory LLC bought a new position in CrowdStrike during the third quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after acquiring an additional 78,305 shares in the last quarter. Hemenway Trust Co LLC lifted its position in shares of CrowdStrike by 356.8% in the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after acquiring an additional 5,352 shares during the period. Finally, Arcadia Investment Management Corp MI increased its position in shares of CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after purchasing an additional 2,814 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 1.8 %

The firm has a market capitalization of $94.27 billion, a price-to-earnings ratio of 750.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The business has a 50 day moving average of $387.36 and a 200 day moving average of $336.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.