CrowdStrike (NASDAQ:CRWD) Stock Rating Upgraded by Stephens

Stephens upgraded shares of CrowdStrike (NASDAQ:CRWD) to a strong-buy rating in a report released on Monday,Zacks.com reports.

Several other research firms also recently weighed in on CRWD. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Stifel Nicolaus lowered their target price on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Wells Fargo & Company raised their price objective on CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price target on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Mizuho increased their target price on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Stock Up 2.5 %

CrowdStrike stock opened at $371.49 on Monday. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The firm has a market capitalization of $92.08 billion, a price-to-earnings ratio of 728.43, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock’s fifty day moving average is $387.85 and its two-hundred day moving average is $351.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the sale, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. This represents a 3.91 % 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, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,551 shares of company stock worth $43,527,642. 4.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently bought and sold shares of the business. Kera Capital Partners Inc. grew its holdings in CrowdStrike by 4.2% during the first quarter. Kera Capital Partners Inc. now owns 874 shares of the company’s stock valued at $308,000 after purchasing an additional 35 shares during the last quarter. Modus Advisors LLC increased its position in CrowdStrike by 12.6% in the 1st quarter. Modus Advisors LLC now owns 6,493 shares of the company’s stock worth $2,289,000 after buying an additional 727 shares during the period. Neville Rodie & Shaw Inc. boosted its position in shares of CrowdStrike by 16.5% in the first quarter. Neville Rodie & Shaw Inc. now owns 6,618 shares of the company’s stock valued at $2,333,000 after acquiring an additional 935 shares during the period. Fire Capital Management LLC bought a new position in shares of CrowdStrike during the 4th quarter worth about $488,000. Finally, Mascagni Wealth Management Inc. bought a new stake in CrowdStrike in the 4th quarter valued at $159,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.