CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.8% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price rose 1.8% on Friday after Jefferies Financial Group raised their price target on the stock from $415.00 to $450.00. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike traded as high as $359.00 and last traded at $357.19. Approximately 1,272,868 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 4,921,343 shares. The stock had previously closed at $351.03.

CRWD has been the topic of several other research reports. Bank of America boosted their price target on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. DA Davidson restated a “buy” rating and issued a $310.00 price target on shares of CrowdStrike in a research report on Wednesday, September 18th. Sanford C. Bernstein dropped their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Truist Financial boosted their price target on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.25.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares in the company, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,498 shares of company stock worth $45,599,730 in the last ninety days. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Large investors have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the second quarter valued at about $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike during the third quarter valued at about $28,000. Tsfg LLC grew its stake in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the second quarter valued at about $30,000. Finally, Castleview Partners LLC acquired a new stake in shares of CrowdStrike during the third quarter valued at about $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 3.2 %

The firm has a 50 day moving average price of $336.89 and a two-hundred day moving average price of $315.59. 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 company has a market capitalization of $89.24 billion, a price-to-earnings ratio of 710.39, a P/E/G 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.