CrowdStrike (NASDAQ:CRWD) Upgraded at Stephens

Stephens upgraded shares of CrowdStrike (NASDAQ:CRWD) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Other analysts have also recently issued reports about the company. Susquehanna boosted their price target on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Piper Sandler set a $347.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $450.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Truist Financial decreased their target price on shares of CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $400.88.

CrowdStrike Trading Up 2.5 %

CRWD stock opened at $371.49 on Monday. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59. The business’s 50-day moving average is $387.85 and its 200 day moving average is $351.03. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $92.08 billion, a price-to-earnings ratio of 728.43, a PEG ratio of 17.86 and a beta of 1.19.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 22,449 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the sale, the chief executive officer now directly owns 2,178,452 shares in the company, valued at $781,367,163.36. This trade represents a 1.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 13,543 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the transaction, the president now directly owns 405,308 shares in the company, valued at approximately $145,351,554.96. The trade was a 3.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,551 shares of company stock valued at $43,527,642. 4.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently added to or reduced their stakes in CRWD. FSA Wealth Management LLC lifted its holdings in shares of CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after purchasing an additional 23 shares during the period. Jacobi Capital Management LLC lifted its position in CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in shares of CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC increased its holdings in shares of CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after purchasing an additional 29 shares in the last quarter. Finally, Synergy Financial Group LTD lifted its stake in shares of CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.