CrowdStrike (NASDAQ:CRWD) Trading 1.6% Higher After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price rose 1.6% on Friday 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 $389.41 and last traded at $386.22. Approximately 835,898 shares traded hands during trading, a decline of 74% from the average daily volume of 3,252,329 shares. The stock had previously closed at $380.24.

A number of other equities analysts have also issued reports on CRWD. The Goldman Sachs Group increased their price objective on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. CICC Research initiated coverage on CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price 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. Royal Bank of Canada boosted their price target on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Stifel Nicolaus raised their price objective on shares of CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $388.70.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This represents a 4.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,863 shares of the business’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 transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 106,565 shares of company stock worth $40,570,629. 4.34% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently bought and sold shares of CRWD. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of CrowdStrike in the fourth quarter valued at about $59,596,000. Brooklyn FI LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $3,927,000. Bernard Wealth Management Corp. purchased a new position in shares of CrowdStrike in the fourth quarter worth $2,070,000. Heck Capital Advisors LLC purchased a new stake in CrowdStrike during the 4th quarter valued at about $628,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in CrowdStrike by 118.4% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 23,092 shares of the company’s stock valued at $7,901,000 after acquiring an additional 12,521 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 1.1 %

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 company has a 50-day simple moving average of $386.39 and a 200 day simple moving average of $333.85. The firm has a market cap of $94.70 billion, a PE ratio of 757.30, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16.

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.