CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.5% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded up 0.5% during trading on Tuesday after The Goldman Sachs Group raised their price target on the stock from $372.00 to $415.00. The Goldman Sachs Group currently has a buy rating on the stock. CrowdStrike traded as high as $365.40 and last traded at $363.16. 577,089 shares were traded during trading, a decline of 88% from the average session volume of 4,911,281 shares. The stock had previously closed at $361.50.

Several other equities analysts have also issued reports on the company. Needham & Company LLC upped their price target on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Bank of America upped their target price on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Argus lowered their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. KeyCorp increased their price objective on shares of CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, 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 report on Monday, November 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $364.25.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. This represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 60,036 shares of company stock worth $20,523,497. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the stock. Beacon Financial Advisory LLC bought a new position in CrowdStrike in the third quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after acquiring an additional 78,305 shares during the last quarter. Doliver Advisors LP increased its position in 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 acquiring an additional 4,664 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after acquiring an additional 2,863 shares during the last quarter. Finally, Hemenway Trust Co LLC lifted its holdings in shares of CrowdStrike by 356.8% during the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after purchasing an additional 5,352 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Up 1.2 %

The company has a market cap of $90.10 billion, a P/E ratio of 717.25, a PEG ratio of 19.48 and a beta of 1.11. The firm’s 50 day moving average is $337.91 and its two-hundred day moving average is $315.55. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.