CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.2% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price shot up 1.2% during trading on Thursday after Jefferies Financial Group raised their price target on the stock from $415.00 to $450.00. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike traded as high as $365.00 and last traded at $353.28. 1,168,131 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 4,923,367 shares. The stock had previously closed at $349.18.

Other research analysts have also recently issued reports about the company. Argus reduced their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Sanford C. Bernstein dropped their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. BMO Capital Markets increased their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Piper Sandler increased their price target on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Barclays boosted their price objective on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $361.25.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 55,325 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares in the company, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,498 shares of company stock worth $45,599,730 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the stock. Beacon Financial Advisory LLC acquired a new stake in shares of CrowdStrike during the third quarter worth $955,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after buying an additional 78,305 shares in the last quarter. Doliver Advisors LP boosted its stake in shares of 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 buying an additional 4,664 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after acquiring an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC raised its position in CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after acquiring an additional 5,352 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Trading Up 0.4 %

The company has a market cap of $86.33 billion, a price-to-earnings ratio of 687.29, a P/E/G ratio of 19.48 and a beta of 1.11. The business has a fifty day simple moving average of $335.33 and a 200 day simple moving average of $314.89. 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.