CrowdStrike (NASDAQ:CRWD) Trading Up 1.2% After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was up 1.2% during trading on Thursday after Jefferies Financial Group raised their price target on the stock from $415.00 to $450.00. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike traded as high as $365.00 and last traded at $353.28. Approximately 1,168,131 shares were traded during trading, a decline of 76% from the average daily volume of 4,923,367 shares. The stock had previously closed at $349.18.

Other analysts also recently issued reports about the company. Piper Sandler boosted their target price on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Sanford C. Bernstein lowered their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Oppenheimer raised their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Bank of America upped their target price on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, TD Cowen cut their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $361.25.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 144,498 shares of company stock valued at $45,599,730. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently bought and sold shares of CRWD. Garden State Investment Advisory Services LLC acquired a new position in shares of CrowdStrike in the third quarter worth about $446,000. Oddo BHF Asset Management Sas acquired a new position in CrowdStrike in the 3rd quarter worth approximately $2,975,000. Tri Ri Asset Management Corp purchased a new position in CrowdStrike during the 3rd quarter worth approximately $5,456,000. Peapack Gladstone Financial Corp acquired a new stake in CrowdStrike during the 3rd quarter valued at $497,000. Finally, Tidal Investments LLC raised its stake in CrowdStrike by 7.5% during the 3rd quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock valued at $6,959,000 after purchasing an additional 1,740 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 0.4 %

The firm has a market cap of $86.33 billion, a price-to-earnings ratio of 687.29, a PEG ratio of 19.48 and a beta of 1.11. 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 company has a 50-day moving average price of $335.33 and a 200 day moving average price of $314.89.

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.