CrowdStrike (NASDAQ:CRWD) Trading Up 1.2% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price shot up 1.2% on Wednesday 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 $366.00 and last traded at $365.79. 1,289,659 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 4,914,497 shares. The stock had previously closed at $361.50.

Several other research analysts have also weighed in on CRWD. UBS Group lowered their price objective on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Raymond James lowered their price target on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. KeyCorp raised their price objective on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Citigroup upped their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Barclays lifted their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $364.25.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the sale, the insider now owns 124,298 shares in the company, valued at $38,455,315.24. This represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the transaction, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,036 shares of company stock valued at $20,523,497 over the last ninety days. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently made changes to their positions in the business. Garden State Investment Advisory Services LLC acquired a new stake in CrowdStrike during the 3rd quarter worth approximately $446,000. Oddo BHF Asset Management Sas purchased a new stake in shares of CrowdStrike during the third quarter worth approximately $2,975,000. Tri Ri Asset Management Corp acquired a new stake in shares of CrowdStrike during the third quarter worth $5,456,000. Peapack Gladstone Financial Corp purchased a new position in CrowdStrike in the 3rd quarter valued at $497,000. Finally, Tidal Investments LLC increased its stake in CrowdStrike by 7.5% in the 3rd quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock valued at $6,959,000 after buying an additional 1,740 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

The company has a market cap of $90.10 billion, a PE ratio of 717.25, a P/E/G ratio of 19.48 and a beta of 1.11. The stock’s 50-day simple moving average is $339.18 and its 200 day simple moving average is $315.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

About CrowdStrike

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.