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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 1.8% during mid-day trading on Tuesday after Scotiabank raised their price target on the stock from $300.00 to $370.00. Scotiabank currently has a sector perform rating on the stock. CrowdStrike traded as high as $364.54 and last traded at $363.39. Approximately 635,842 shares traded hands during trading, a decline of 77% from the average daily volume of 2,740,076 shares. The stock had previously closed at $357.00.

Several other research analysts have also recently issued reports on the stock. Evercore ISI lifted their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Canaccord Genuity Group reiterated a “buy” rating and set a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. Barclays increased their target price on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. BNP Paribas initiated coverage on CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Finally, CICC Research initiated coverage on CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $369.00.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares in the company, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Synergy Financial Group LTD boosted its position in shares of CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after buying an additional 30 shares during the period. M3 Advisory Group LLC boosted its position in shares of CrowdStrike by 2.8% during the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock valued at $407,000 after buying an additional 32 shares during the period. Meridian Financial Partners LLC boosted its position in shares of CrowdStrike by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after buying an additional 33 shares during the period. Sunpointe LLC raised its stake in shares of CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after acquiring an additional 34 shares in the last quarter. Finally, Hilltop Holdings Inc. raised its stake in shares of CrowdStrike by 1.8% during the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 3.2 %

The company’s 50 day moving average price is $356.61 and its two-hundred day moving average price is $311.51. 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 stock has a market cap of $93.10 billion, a P/E ratio of 741.15, a P/E/G ratio of 18.99 and a beta of 1.14.

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.