CrowdStrike (NASDAQ:CRWD) Shares Up 0.3% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares shot up 0.3% during trading on Thursday after Rosenblatt Securities raised their price target on the stock from $385.00 to $450.00. Rosenblatt Securities currently has a buy rating on the stock. CrowdStrike traded as high as $406.53 and last traded at $395.74. 1,064,782 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 3,262,363 shares. The stock had previously closed at $394.56.

CRWD has been the topic of a number of other research reports. Oppenheimer boosted their price target on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group lifted their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Wells Fargo & Company increased their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. UBS Group lifted their target price on shares of CrowdStrike from $396.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada increased their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $388.70.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the transaction, the director now owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,565 shares of company stock worth $40,570,629 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of large investors have recently bought and sold shares of the business. Berbice Capital Management LLC bought a new stake in CrowdStrike in the fourth quarter valued at $27,000. Fortitude Family Office LLC increased its holdings in shares of 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 acquiring an additional 44 shares in the last quarter. FPC Investment Advisory Inc. raised its position in shares of CrowdStrike by 811.1% during 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 4th quarter worth $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the 4th quarter valued at $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

The stock has a market cap of $95.72 billion, a price-to-earnings ratio of 761.91, a P/E/G ratio of 17.86 and a beta of 1.16. The company’s fifty day simple moving average is $386.39 and its two-hundred day simple moving average is $333.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.