CrowdStrike (NASDAQ:CRWD) Trading 0.3% Higher After Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) were up 0.3% on Thursday after Rosenblatt Securities raised their price target on the stock from $385.00 to $450.00. Rosenblatt Securities currently has a buy rating on the stock. CrowdStrike traded as high as $406.53 and last traded at $395.74. Approximately 1,064,782 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 3,262,363 shares. The stock had previously closed at $394.56.

A number of other equities analysts have also recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Monday, November 4th. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Wells Fargo & Company lifted their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Finally, Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have issued 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 $388.70.

Insider Activity

In other news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the transaction, the president now directly owns 389,589 shares of the company’s stock, valued at $139,655,968.83. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,565 shares of company stock worth $51,038,529 over the last three months. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of CRWD. Norges Bank bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $1,111,542,000. Pathstone Holdings LLC grew its position in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after buying an additional 1,017,678 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after acquiring an additional 712,900 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of CrowdStrike during the 4th quarter worth $237,375,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Up 0.0 %

The stock has a fifty day moving average of $385.81 and a 200-day moving average of $333.53. The firm has a market capitalization of $97.19 billion, a price-to-earnings ratio of 773.39, a PEG ratio of 17.86 and a beta of 1.16. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.