CrowdStrike (NASDAQ:CRWD) Trading Up 1.3% Following Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 1.3% on Friday after KeyCorp raised their price target on the stock from $345.00 to $395.00. KeyCorp currently has an overweight rating on the stock. CrowdStrike traded as high as $366.66 and last traded at $362.08. 799,822 shares traded hands during trading, a decline of 84% from the average session volume of 4,972,516 shares. The stock had previously closed at $357.55.

A number of other equities analysts also recently weighed in on the stock. Jefferies Financial Group increased their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Evercore ISI reduced their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. CICC Research assumed coverage on CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 price target for the company. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Citigroup decreased their target price on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.62.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 over the last quarter. 4.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike in the third quarter worth $28,000. Tsfg LLC lifted its stake in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares during the last quarter. Family Firm Inc. acquired a new position in shares of CrowdStrike during the second quarter valued at $30,000. Finally, Castleview Partners LLC bought a new position in shares of CrowdStrike during the third quarter worth about $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

The firm has a market cap of $91.25 billion, a price-to-earnings ratio of 539.51, a PEG ratio of 25.88 and a beta of 1.10. The stock’s fifty day moving average is $308.04 and its two-hundred day moving average is $311.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate 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 net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 earnings per share. On average, analysts expect that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

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.