CrowdStrike (NASDAQ:CRWD) Trading Up 1.3% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price rose 1.3% during trading on Thursday after Cantor Fitzgerald raised their price target on the stock from $350.00 to $370.00. Cantor Fitzgerald currently has an overweight rating on the stock. CrowdStrike traded as high as $361.24 and last traded at $354.86. Approximately 1,339,869 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 4,976,758 shares. The stock had previously closed at $350.15.

CRWD has been the topic of several other reports. Royal Bank of Canada dropped their price objective on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Barclays increased their price target on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday. DA Davidson restated a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research note on Wednesday, September 18th. Scotiabank reduced their price target on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $334.33.

Insider Buying and Selling

In other news, 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 transaction 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. This represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,248 shares of company stock worth $32,465,110. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently bought and sold shares of the company. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike during the second quarter worth $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the 3rd quarter worth $28,000. Tsfg LLC boosted its position in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of CrowdStrike in the 2nd quarter worth about $30,000. Finally, Castleview Partners LLC acquired a new stake in CrowdStrike in the 3rd quarter valued at about $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $87.65 billion, a PE ratio of 518.19, a P/E/G ratio of 23.89 and a beta of 1.10. The company’s fifty day simple moving average is $305.77 and its two-hundred day simple moving average is $311.53.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The company’s revenue was up 31.7% on a year-over-year basis. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

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.