CrowdStrike (NASDAQ:CRWD) Shares Up 1.2% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded up 1.2% on Wednesday 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 $366.00 and last traded at $365.79. 1,289,659 shares traded hands during trading, a decline of 74% from the average session volume of 4,914,497 shares. The stock had previously closed at $361.50.

CRWD has been the subject of several other reports. Jefferies Financial Group lifted their price target on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Piper Sandler lifted their price objective on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Barclays upped their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. Finally, Needham & Company LLC increased their target price on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $364.25.

Insider Buying and Selling

In related news, President Michael Sentonas sold 10,801 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This trade represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,351 shares of company stock valued at $38,595,056. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC raised its holdings in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC raised its stake in CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after acquiring an additional 920,695 shares during the period. Daiwa Securities Group Inc. raised its position in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after purchasing an additional 712,900 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after acquiring an additional 371,695 shares during the period. Finally, State Street Corp increased its holdings in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.2 %

The company has a fifty day moving average price of $341.47 and a 200-day moving average price of $316.36. 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 firm has a market capitalization of $89.92 billion, a PE ratio of 715.86, a PEG ratio of 19.48 and a beta of 1.11.

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.