CrowdStrike (NASDAQ:CRWD) Shares Up 0.5% Following Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 0.5% during trading on Tuesday after The Goldman Sachs Group raised their price target on the stock from $372.00 to $415.00. The Goldman Sachs Group currently has a buy rating on the stock. CrowdStrike traded as high as $365.40 and last traded at $363.16. Approximately 577,089 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 4,911,281 shares. The stock had previously closed at $361.50.

Several other brokerages also recently issued reports on CRWD. Deutsche Bank Aktiengesellschaft cut their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Wedbush set a $330.00 price target on CrowdStrike in a research report on Thursday, October 17th. Rosenblatt Securities boosted their target price on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. upped their price objective on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, BMO Capital Markets lifted their target price on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $364.25.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the sale, the director now owns 821,766 shares in the company, valued at $263,277,391.08. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,036 shares of company stock worth $20,523,497. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently bought and sold shares of the business. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the second quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the third quarter valued at $28,000. Tsfg LLC increased its stake in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. Castleview Partners LLC purchased a new stake in shares of CrowdStrike during the third quarter worth $32,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of CrowdStrike during the second quarter valued at about $33,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

The stock has a market capitalization of $90.10 billion, a PE ratio of 717.25, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The business’s 50-day moving average price is $339.18 and its 200 day moving average price is $315.67.

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.