CrowdStrike (NASDAQ:CRWD) Shares Up 0.9% After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price rose 0.9% on Tuesday after Truist Financial raised their price target on the stock from $325.00 to $375.00. Truist Financial currently has a buy rating on the stock. CrowdStrike traded as high as $346.07 and last traded at $345.91. Approximately 802,160 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 4,993,483 shares. The stock had previously closed at $342.97.

Other research analysts have also recently issued research reports about the stock. BNP Paribas started coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. Morgan Stanley increased their target price on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday. Oppenheimer reduced their target price on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, UBS Group reduced their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $331.90.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 over the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the company. Arlington Financial Advisors LLC raised its stake in CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after buying an additional 30 shares during the last quarter. Synergy Financial Group LTD raised its stake in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after buying an additional 30 shares during the last quarter. Sunpointe LLC raised its stake in CrowdStrike by 3.1% during the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after buying an additional 34 shares during the last quarter. Hilltop Holdings Inc. raised its stake in CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after buying an additional 34 shares during the last quarter. Finally, Means Investment CO. Inc. raised its stake in CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after buying an additional 35 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

The firm has a market capitalization of $86.60 billion, a PE ratio of 512.01, a price-to-earnings-growth ratio of 22.77 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The business’s 50 day simple moving average is $301.83 and its two-hundred day simple moving average is $310.94.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 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.