CrowdStrike (NASDAQ:CRWD) Stock Price Up 2.2% on Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 2.2% during trading on Friday after Royal Bank of Canada raised their price target on the stock from $365.00 to $420.00. Royal Bank of Canada currently has an outperform rating on the stock. CrowdStrike traded as high as $359.69 and last traded at $354.99. 812,778 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 1,707,970 shares. The stock had previously closed at $347.34.

Several other research firms also recently commented on CRWD. Jefferies Financial Group raised their price objective on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. KeyCorp lifted their price objective on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. CICC Research started coverage on shares of CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective on the stock. Finally, Robert W. Baird boosted their price objective on shares of CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $365.63.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 2,858 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now owns 38,201 shares in the company, valued at $13,916,242.29. This represents a 6.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Sentonas sold 10,801 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the sale, the president now owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,351 shares of company stock valued at $38,595,056. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently modified their holdings of the business. Synergy Financial Group LTD increased its position in shares of CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares in the last quarter. Sunpointe LLC lifted its stake in shares of CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after purchasing an additional 34 shares in the last quarter. Hilltop Holdings Inc. boosted its position in shares of CrowdStrike by 1.8% in the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after buying an additional 34 shares during the period. Interchange Capital Partners LLC raised its stake in shares of CrowdStrike by 1.1% during the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after purchasing an additional 39 shares during the period. Finally, JFS Wealth Advisors LLC lifted its position in shares of CrowdStrike by 9.1% during the third quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock worth $134,000 after purchasing an additional 40 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 2.9 %

The firm has a market capitalization of $88.05 billion, a PE ratio of 700.97, a P/E/G 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 firm’s 50 day moving average price is $345.55 and its two-hundred day moving average price is $315.11.

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.