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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) gapped up before the market opened 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.

A number of other analysts have also recently weighed in on the stock. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. TD Cowen reduced their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Truist Financial increased their target price on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, November 18th. UBS Group cut their price target on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Morgan Stanley upped their price objective on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $361.25.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 5,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 169,091 shares of the company’s stock, valued at approximately $50,321,481.60. This trade represents a 3.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 of the company’s stock, 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. In the last 90 days, insiders sold 144,498 shares of company stock valued at $45,599,730. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike during the third quarter valued at approximately $28,000. Tsfg LLC lifted its holdings in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares during the period. Family Firm Inc. purchased a new position in CrowdStrike in the second quarter worth $30,000. Finally, Castleview Partners LLC bought a new position in CrowdStrike in the 3rd quarter valued at $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 3.2 %

The stock has a market capitalization of $89.24 billion, a PE ratio of 710.39, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11. 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 50-day moving average price of $336.89 and a 200-day moving average price of $315.52.

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.