CrowdStrike (NASDAQ:CRWD) Upgraded at Stephens

CrowdStrike (NASDAQ:CRWD) was upgraded by equities researchers at Stephens to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts also recently commented on CRWD. Bank of America raised their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Citigroup restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. DA Davidson lifted their price target on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. BTIG Research upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price objective for the company in a research note on Tuesday, March 25th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Stock Up 2.8 %

Shares of CRWD opened at $362.38 on Monday. 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 company has a 50-day simple moving average of $387.98 and a 200-day simple moving average of $350.89. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The firm has a market capitalization of $89.82 billion, a P/E ratio of 710.56, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Activity

In other news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the transaction, the director now owns 811,842 shares in the company, valued at $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,801 shares of company stock valued at $42,092,255. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently added to or reduced their stakes in the stock. Empirical Asset Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $11,310,000. Arcadia Investment Management Corp MI grew its holdings in CrowdStrike by 30.8% during the fourth 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. Greenleaf Trust increased its stake in CrowdStrike by 53.4% in the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after purchasing an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC raised its holdings in CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after purchasing an additional 8,561 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of CrowdStrike by 42.6% during the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after purchasing an additional 13,323 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.