CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.8% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Free Report) shares traded up 1.8% during trading on Friday 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 $359.00 and last traded at $357.19. 1,272,868 shares changed hands during trading, a decline of 74% from the average session volume of 4,921,343 shares. The stock had previously closed at $351.03.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. upped their target price on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday. CICC Research assumed coverage on shares of CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective for the company. Royal Bank of Canada dropped their target price on shares of CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Finally, Citigroup boosted their price objective on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” 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 given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $361.25.

Get Our Latest Research Report on CRWD

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.60, for a total transaction of $1,636,800.00. Following the sale, the insider now owns 169,091 shares of the company’s stock, valued at $50,321,481.60. This trade represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,498 shares of company stock valued at $45,599,730 over the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its position in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of CrowdStrike by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after purchasing an additional 97,990 shares during the period. Legal & General Group Plc boosted its stake in CrowdStrike by 3.0% during the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after buying an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after acquiring an additional 77,100 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

The stock has a market capitalization of $88.22 billion, a PE ratio of 702.29, a PEG ratio of 19.48 and a beta of 1.11. The business’s 50 day moving average is $336.05 and its 200 day moving average is $315.15. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

About CrowdStrike

(Get Free Report)

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.

Further Reading

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