CrowdStrike (NASDAQ:CRWD) Shares Up 0.8% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) rose 0.8% on Monday after Canaccord Genuity Group raised their price target on the stock from $370.00 to $420.00. Canaccord Genuity Group currently has a buy rating on the stock. CrowdStrike traded as high as $404.60 and last traded at $392.65. Approximately 1,313,749 shares traded hands during trading, a decline of 60% from the average daily volume of 3,276,385 shares. The stock had previously closed at $389.66.

Several other brokerages have also commented on CRWD. UBS Group boosted their price target on CrowdStrike from $396.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Truist Financial increased their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Cantor Fitzgerald boosted their price target on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Finally, CICC Research assumed coverage on CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $391.75.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. The trade was a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock worth $38,387,254 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently added to or reduced their stakes in the business. Empirical Asset Management LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at about $11,310,000. Beacon Financial Advisory LLC acquired a new position in CrowdStrike in the 3rd quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of 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 purchasing an additional 78,305 shares during the last quarter. Hemenway Trust Co LLC increased its stake in shares of CrowdStrike by 356.8% during the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after purchasing an additional 5,352 shares during the period. Finally, Arcadia Investment Management Corp MI boosted its stake in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after purchasing an additional 2,814 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 1.8 %

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 stock has a market capitalization of $94.27 billion, a price-to-earnings ratio of 750.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The business has a fifty day simple moving average of $387.36 and a 200 day simple moving average of $336.92.

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.