CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.6% After Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 1.6% on Friday after JPMorgan Chase & Co. raised their price target on the stock from $418.00 to $450.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. CrowdStrike traded as high as $389.41 and last traded at $386.22. 835,898 shares traded hands during trading, a decline of 74% from the average session volume of 3,252,329 shares. The stock had previously closed at $380.24.

CRWD has been the subject of several other research reports. Oppenheimer boosted their target price on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. JMP Securities reiterated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. Jefferies Financial Group boosted their price objective on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Needham & Company LLC boosted their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $389.50.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the transaction, the president now owns 389,589 shares in the company, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,565 shares of company stock worth $40,570,629 in the last three months. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently modified their holdings of CRWD. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $27,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. FPC Investment Advisory Inc. grew its stake in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $34,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 2.5 %

The business has a 50 day moving average price of $386.94 and a 200-day moving average price of $335.50. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $95.98 billion, a price-to-earnings ratio of 764.05, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16.

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.