CrowdStrike (NASDAQ:CRWD) Shares Up 2.3% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price rose 2.3% on Wednesday after Scotiabank raised their price target on the stock from $300.00 to $370.00. Scotiabank currently has a sector perform rating on the stock. CrowdStrike traded as high as $375.05 and last traded at $374.72. Approximately 914,874 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 2,759,303 shares. The stock had previously closed at $366.41.

CRWD has been the subject of a number of other reports. Rosenblatt Securities raised their price objective on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. The Goldman Sachs Group raised their price objective on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Citigroup raised their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Finally, Robert W. Baird raised their price objective on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.00.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now directly owns 120,298 shares in the company, valued at $40,954,251.12. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock valued at $38,935,113 in the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several institutional investors have recently modified their holdings of the company. Empirical Asset Management LLC bought a new stake in CrowdStrike in the fourth quarter valued at $11,310,000. Beacon Financial Advisory LLC bought a new stake in CrowdStrike in the third quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. grew its position in CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after acquiring an additional 78,305 shares during the period. Doliver Advisors LP grew its position in CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after acquiring an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after acquiring an additional 2,863 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.1 %

The business has a 50-day simple moving average of $357.22 and a two-hundred day simple moving average of $311.97. The stock has a market capitalization of $93.03 billion, a P/E ratio of 740.60, a PEG ratio of 19.49 and a beta of 1.14. 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 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.