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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price shot up 1.3% during mid-day trading on Friday after KeyCorp raised their price target on the stock from $345.00 to $395.00. KeyCorp currently has an overweight rating on the stock. CrowdStrike traded as high as $366.66 and last traded at $362.08. Approximately 799,822 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 4,972,516 shares. The stock had previously closed at $357.55.

Other equities analysts also recently issued reports about the company. HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and increased their price objective for the company from $302.00 to $339.00 in a report on Friday, August 30th. Stifel Nicolaus increased their price target on CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Thursday, September 19th. Truist Financial lifted their target price on shares of CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $335.62.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now directly 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. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 in the last quarter. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of the stock. Beacon Financial Advisory LLC acquired a new stake in shares of CrowdStrike in the 3rd quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of 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 purchasing an additional 78,305 shares in the last quarter. Burney Co. acquired a new stake in shares of CrowdStrike in the 1st quarter valued at $1,342,000. Doliver Advisors LP raised its holdings in shares of CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after purchasing an additional 4,664 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after acquiring an additional 2,863 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

The company’s 50 day moving average is $308.04 and its 200 day moving average is $311.91. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $91.25 billion, a price-to-earnings ratio of 539.51, a price-to-earnings-growth ratio of 23.89 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the business earned $0.06 EPS. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal 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.