CrowdStrike (NASDAQ:CRWD) Upgraded to “Strong-Buy” at Roth Capital

Roth Capital upgraded shares of CrowdStrike (NASDAQ:CRWD) to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $440.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Needham & Company LLC reiterated a “buy” rating and set a $420.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Citigroup restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $400.76.

CrowdStrike Stock Performance

Shares of CRWD opened at $386.07 on Tuesday. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. 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 stock has a market cap of $95.70 billion, a price-to-earnings ratio of 757.02, a PEG ratio of 17.86 and a beta of 1.28. The business has a 50-day simple moving average of $371.32 and a two-hundred day simple moving average of $359.55.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the transaction, the director now directly owns 805,592 shares of the company’s stock, valued at $332,218,084.88. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This trade represents a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,375 shares of company stock worth $46,197,236 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently made changes to their positions in CRWD. Vanguard Group Inc. grew its holdings in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after buying an additional 342,294 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after purchasing an additional 352,180 shares during the period. Geode Capital Management LLC increased its position in CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank acquired a new position in CrowdStrike in the 4th quarter valued at about $1,111,542,000. Finally, Northern Trust Corp increased its holdings in shares of CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock worth $777,292,000 after buying an additional 324,136 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.