CrowdStrike (NASDAQ:CRWD) Stock Rating Upgraded by BTIG Research

CrowdStrike (NASDAQ:CRWD) was upgraded by equities research analysts at BTIG Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $431.00 target price on the stock. BTIG Research’s price target points to a potential upside of 15.66% from the company’s previous close.

Several other analysts also recently issued reports on CRWD. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Barclays cut their price target on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Oppenheimer lifted their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Canaccord Genuity Group boosted their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $400.26.

CrowdStrike Stock Performance

CRWD opened at $372.64 on Tuesday. The business has a fifty day simple moving average of $387.16 and a 200-day simple moving average of $346.07. The firm has a market cap of $92.37 billion, a PE ratio of 730.68, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 2,858 shares of CrowdStrike stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now directly owns 38,201 shares of the company’s stock, valued at approximately $13,916,242.29. This trade represents a 6.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was 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 approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,858 shares of company stock worth $21,288,706 over the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds have recently modified their holdings of CRWD. Berbice Capital Management LLC bought a new stake in CrowdStrike during the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. boosted its stake in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at $34,000. Finally, Luken Investment Analytics LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.