CrowdStrike (NASDAQ:CRWD) Shares Gap Up on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price gapped up prior to trading on Thursday after Stifel Nicolaus raised their price target on the stock from $375.00 to $400.00. The stock had previously closed at $349.18, but opened at $364.93. Stifel Nicolaus currently has a buy rating on the stock. CrowdStrike shares last traded at $354.53, with a volume of 547,700 shares trading hands.

CRWD has been the subject of a number of other research reports. UBS Group lowered their target price on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Piper Sandler boosted their target price on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Sanford C. Bernstein reduced their price objective on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Finally, CICC Research initiated coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price on the stock. One 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $358.63.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value 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. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,498 shares of company stock valued at $45,599,730 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the second quarter valued at about $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike during the third quarter worth about $28,000. Tsfg LLC boosted its holdings in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares in the last quarter. Family Firm Inc. bought a new stake in CrowdStrike during the 2nd quarter worth approximately $30,000. Finally, Castleview Partners LLC bought a new position in CrowdStrike in the 3rd quarter valued at $32,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 1.9 %

The business has a 50 day simple moving average of $335.33 and a 200 day simple moving average of $314.89. 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 company has a market cap of $87.61 billion, a price-to-earnings ratio of 697.43, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11.

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.