CrowdStrike (NASDAQ:CRWD) Sets New 52-Week High Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) reached a new 52-week high during mid-day trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $400.00 to $475.00. Stifel Nicolaus currently has a buy rating on the stock. CrowdStrike traded as high as $455.44 and last traded at $455.18, with a volume of 2747845 shares. The stock had previously closed at $451.74.

Other analysts have also recently issued reports about the stock. 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 research note on Monday, December 16th. Wells Fargo & Company increased their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Morgan Stanley increased their target price on shares of CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a research note on Wednesday. Oppenheimer increased their target price 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. Finally, Cantor Fitzgerald increased their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $379.73.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,565 shares of company stock worth $51,038,529 over the last three months. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Several large investors have recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC bought a new stake in CrowdStrike during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. boosted its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC bought a new position in shares of CrowdStrike in the fourth quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike in the fourth quarter worth approximately $34,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Down 3.1 %

The firm has a market capitalization of $107.43 billion, a P/E ratio of 855.19, a price-to-earnings-growth ratio of 18.44 and a beta of 1.16. The stock’s 50-day simple moving average is $383.99 and its two-hundred day simple moving average is $328.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.