CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.4% After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price rose 1.4% during trading on Thursday after Truist Financial raised their price target on the stock from $385.00 to $460.00. Truist Financial currently has a buy rating on the stock. CrowdStrike traded as high as $443.00 and last traded at $440.66. Approximately 615,521 shares traded hands during trading, a decline of 80% from the average daily volume of 3,038,639 shares. The stock had previously closed at $434.63.

A number of other brokerages have also commented on CRWD. Jefferies Financial Group lifted their price target on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Robert W. Baird reaffirmed a “neutral” rating and issued a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a research report on Monday, February 3rd. Cantor Fitzgerald boosted their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. KeyCorp raised their price target on CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Barclays upped 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 investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $376.00.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,217 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the transaction, the chief financial officer now owns 290,711 shares in the company, valued at approximately $104,115,237.54. The trade was a 3.72 % 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, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was 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 owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,565 shares of company stock valued at $49,235,849 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently made changes to their positions in the company. Berbice Capital Management LLC bought a new position in CrowdStrike during the 4th quarter valued at about $27,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike during the third quarter valued at approximately $28,000. Fortitude Family Office LLC raised its holdings in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. lifted its stake in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares during the last quarter. Finally, Tsfg LLC boosted its holdings in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 4.4 %

The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a 50-day simple moving average of $373.20 and a 200 day simple moving average of $319.97. The company has a market cap of $111.77 billion, a P/E ratio of 889.76, a P/E/G ratio of 17.22 and a beta of 1.16.

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.