CrowdStrike (NASDAQ:CRWD) Shares Gap Up on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price gapped up prior to trading on Thursday after Jefferies Financial Group raised their price target on the stock from $415.00 to $450.00. The stock had previously closed at $349.18, but opened at $364.93. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike shares last traded at $354.53, with a volume of 547,700 shares.

CRWD has been the topic of a number of other research reports. Barclays boosted their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Robert W. Baird lifted their target price on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley upped their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Finally, Piper Sandler raised their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $361.25.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 5,500 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.60, for a total value of $1,636,800.00. Following the completion of the sale, the insider now owns 169,091 shares in the company, valued at $50,321,481.60. This represents a 3.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 144,498 shares of company stock valued at $45,599,730. 4.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp grew its holdings in shares of CrowdStrike by 57.2% in the 2nd quarter. Fifth Third Bancorp now owns 5,568 shares of the company’s stock valued at $2,134,000 after acquiring an additional 2,025 shares in the last quarter. GYL Financial Synergies LLC bought a new stake in CrowdStrike in the second quarter valued at approximately $292,000. Premier Path Wealth Partners LLC increased its holdings in shares of CrowdStrike by 45.8% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 1,502 shares of the company’s stock worth $576,000 after acquiring an additional 472 shares during the last quarter. Avitas Wealth Management LLC bought a new position in CrowdStrike during the second quarter worth $364,000. Finally, Quotient Wealth Partners LLC lifted its stake in shares of CrowdStrike by 5.0% during the 2nd quarter. Quotient Wealth Partners LLC now owns 896 shares of the company’s stock worth $343,000 after buying an additional 43 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

The stock’s 50 day moving average is $336.05 and its 200 day moving average is $315.15. 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 firm has a market cap of $86.46 billion, a price-to-earnings ratio of 688.31, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11.

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.