CrowdStrike (NASDAQ:CRWD) Trading 0.2% Higher Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded up 0.2% during mid-day trading on Wednesday after Jefferies Financial Group raised their price target on the stock from $315.00 to $345.00. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike traded as high as $291.73 and last traded at $288.99. 769,685 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 5,344,431 shares. The stock had previously closed at $288.54.

Other research analysts also recently issued research reports about the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and dropped their price target for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.50.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,962 shares of company stock valued at $34,477,948. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently modified their holdings of CRWD. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the 2nd quarter valued at $25,000. Family Firm Inc. purchased a new position in shares of CrowdStrike in the second quarter worth about $30,000. Itau Unibanco Holding S.A. bought a new stake in shares of CrowdStrike in the second quarter valued at approximately $33,000. Unique Wealth Strategies LLC purchased a new stake in shares of CrowdStrike during the 2nd quarter valued at approximately $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the 1st quarter worth approximately $30,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

The business’s 50 day moving average is $261.24 and its two-hundred day moving average is $311.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $69.00 billion, a PE ratio of 531.10, a price-to-earnings-growth ratio of 19.60 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

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.