CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.4% After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was up 1.4% during mid-day trading on Thursday after Truist Financial raised their price target on the stock from $385.00 to $460.00. Truist Financial currently has a buy rating on the stock. CrowdStrike traded as high as $443.00 and last traded at $440.66. Approximately 615,521 shares traded hands during trading, a decline of 80% from the average daily volume of 3,038,639 shares. The stock had previously closed at $434.63.

Several other research firms have also recently issued reports on CRWD. Scotiabank increased their price target on CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. raised their target price on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Bank of America upped their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird reissued a “neutral” rating and set a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $376.00.

Insiders Place Their Bets

In related news, 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 owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,565 shares of company stock worth $50,597,609. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several institutional investors have recently made changes to their positions in the company. Berbice Capital Management LLC purchased a new position in CrowdStrike during the fourth quarter worth about $27,000. Oakworth Capital Inc. purchased a new position in CrowdStrike in the third quarter valued at about $28,000. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. grew its stake in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Finally, Tsfg LLC raised its holdings in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 1.2 %

The firm has a 50-day simple moving average of $373.20 and a 200-day simple moving average of $319.97. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $108.35 billion, a PE ratio of 864.84, a P/E/G ratio of 17.22 and a beta of 1.16.

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.