CrowdStrike (NASDAQ:CRWD) Shares Up 5.6% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded up 5.6% on Wednesday after UBS Group raised their price target on the stock from $396.00 to $450.00. UBS Group currently has a buy rating on the stock. CrowdStrike traded as high as $400.15 and last traded at $400.98. 1,289,835 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 3,263,468 shares. The stock had previously closed at $379.75.

CRWD has been the subject of a number of other research reports. Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada upped their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Piper Sandler lifted their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Rosenblatt Securities boosted their price target on shares of CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Cantor Fitzgerald raised their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $387.08.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction dated 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 in the company, valued at $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. Over the last ninety days, insiders have sold 136,565 shares of company stock worth $51,038,529. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Allworth Financial LP grew its stake in CrowdStrike by 13.9% during the 3rd quarter. Allworth Financial LP now owns 3,688 shares of the company’s stock valued at $1,035,000 after purchasing an additional 449 shares during the last quarter. Modera Wealth Management LLC increased its holdings in CrowdStrike by 16.4% in the 3rd quarter. Modera Wealth Management LLC now owns 3,620 shares of the company’s stock worth $1,015,000 after buying an additional 510 shares during the period. State of Alaska Department of Revenue raised its position in CrowdStrike by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 26,825 shares of the company’s stock worth $7,523,000 after buying an additional 1,745 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in CrowdStrike by 50.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 41,672 shares of the company’s stock valued at $11,688,000 after acquiring an additional 14,003 shares during the period. Finally, Autumn Glory Partners LLC purchased a new stake in shares of CrowdStrike in the 3rd quarter valued at $280,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $384.90 and its two-hundred day moving average price is $333.10. The stock has a market cap of $98.67 billion, a price-to-earnings ratio of 786.14, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16.

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.