CrowdStrike (NASDAQ:CRWD) Trading Up 2.1% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price shot up 2.1% during trading on Monday after Royal Bank of Canada raised their price target on the stock from $365.00 to $420.00. Royal Bank of Canada currently has an outperform rating on the stock. CrowdStrike traded as high as $368.39 and last traded at $366.46. 812,546 shares were traded during mid-day trading, a decline of 60% from the average session volume of 2,016,086 shares. The stock had previously closed at $359.02.

Other equities research analysts also recently issued research reports about the company. DA Davidson reaffirmed a “buy” rating and set a $310.00 price objective on shares of CrowdStrike in a research report on Wednesday, September 18th. Rosenblatt Securities increased their price target on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Sanford C. Bernstein decreased their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Wells Fargo & Company lifted their price target on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group boosted their price objective on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $365.63.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now directly owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,601 shares of company stock valued at $40,755,368. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently bought and sold shares of the business. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike during the 2nd quarter worth about $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the third quarter worth about $28,000. Tsfg LLC raised its holdings in shares of 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. Castleview Partners LLC bought a new stake in CrowdStrike in the third quarter valued at approximately $32,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Trading Up 2.1 %

The company has a market cap of $90.26 billion, a price-to-earnings ratio of 718.56, a PEG ratio of 19.48 and a beta of 1.14. The business’s 50 day moving average price is $346.72 and its 200-day moving average price is $313.85. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.