CrowdStrike (NASDAQ:CRWD) Stock Price Up 0.5% After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price was up 0.5% during trading on Tuesday after The Goldman Sachs Group raised their price target on the stock from $372.00 to $415.00. The Goldman Sachs Group currently has a buy rating on the stock. CrowdStrike traded as high as $365.40 and last traded at $363.16. Approximately 577,089 shares traded hands during trading, a decline of 88% from the average daily volume of 4,911,281 shares. The stock had previously closed at $361.50.

A number of other research analysts have also weighed in on CRWD. Susquehanna boosted their target price on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Needham & Company LLC increased their price objective on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Argus decreased their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Citigroup raised their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $364.25.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the transaction, the director now owns 821,766 shares of the company’s stock, valued at $263,277,391.08. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now owns 42,391 shares in the company, valued at approximately $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,036 shares of company stock worth $20,523,497. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRWD. State Street Corp raised its position in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. Jennison Associates LLC increased its position in CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. Geode Capital Management LLC raised its holdings in CrowdStrike by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after purchasing an additional 97,990 shares during the last quarter. Legal & General Group Plc lifted its position in shares of CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after purchasing an additional 77,100 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

The company’s 50-day moving average price is $337.91 and its two-hundred day moving average price is $315.55. The company has a market capitalization of $89.46 billion, a price-to-earnings ratio of 712.19, a PEG ratio of 19.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.