CrowdStrike (NASDAQ:CRWD) Trading 2.1% Higher on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded up 2.1% on Monday after Truist Financial raised their price target on the stock from $375.00 to $385.00. Truist Financial currently has a buy rating on the stock. CrowdStrike traded as high as $368.39 and last traded at $366.46. 812,546 shares were traded during mid-day trading, a decline of 60% from the average session volume of 2,016,086 shares. The stock had previously closed at $359.02.

Several other research firms also recently issued reports on CRWD. The Goldman Sachs Group upped their price objective on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. DA Davidson reaffirmed a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a research note on Wednesday, September 18th. Evercore ISI lifted their price objective on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Jefferies Financial Group upped their target price on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, CICC Research initiated coverage on shares of CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $365.88.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the transaction, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. This trade represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold 116,601 shares of company stock worth $40,755,368 over the last ninety days. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in CRWD. Beacon Financial Advisory LLC bought a new position in shares of CrowdStrike in the 3rd quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the period. Doliver Advisors LP increased its position in CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after buying an additional 4,664 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after buying an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC lifted its position in shares of CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after buying an additional 5,352 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

The stock has a market capitalization of $88.65 billion, a P/E ratio of 705.76, a PEG ratio of 19.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock’s 50-day simple moving average is $349.00 and its 200 day simple moving average is $313.59.

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.