CrowdStrike (NASDAQ:CRWD) Shares Up 0.7% After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price shot up 0.7% during mid-day trading on Wednesday after Truist Financial raised their price target on the stock from $375.00 to $385.00. Truist Financial currently has a buy rating on the stock. CrowdStrike traded as high as $365.07 and last traded at $362.53. 719,861 shares traded hands during trading, a decline of 69% from the average session volume of 2,315,588 shares. The stock had previously closed at $359.93.

CRWD has been the topic of a number of other research reports. Oppenheimer increased their target price on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Needham & Company LLC raised their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. JMP Securities restated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Stifel Nicolaus raised their price objective on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Barclays raised their price objective on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $365.88.

Insider Buying and Selling at CrowdStrike

In other news, 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 in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the sale, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock valued at $38,752,993 in the last three months. 4.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the second quarter worth approximately $25,000. Itau Unibanco Holding S.A. purchased a new stake in CrowdStrike during the second quarter worth approximately $33,000. Fairfield Financial Advisors LTD purchased a new stake in CrowdStrike during the second quarter worth approximately $38,000. Strategic Investment Solutions Inc. IL purchased a new stake in CrowdStrike in the second quarter valued at approximately $38,000. Finally, Oakworth Capital Inc. purchased a new stake in CrowdStrike in the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 0.3 %

The business’s 50-day moving average price is $351.26 and its 200-day moving average price is $314.22. The firm has a market capitalization of $88.36 billion, a PE ratio of 703.39, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.