CrowdStrike (NASDAQ:CRWD) Trading 0.5% Higher After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares rose 0.5% on Tuesday after The Goldman Sachs Group raised their price target on the stock from $372.00 to $415.00. The Goldman Sachs Group currently has a buy rating on the stock. CrowdStrike traded as high as $365.40 and last traded at $363.16. Approximately 577,089 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 4,911,281 shares. The stock had previously closed at $361.50.

CRWD has been the subject of several other research reports. Piper Sandler raised their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Stifel Nicolaus lifted their price objective on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Raymond James decreased their target price on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft cut 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, Needham & Company LLC increased their price objective on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $364.25.

Insider Activity

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the sale, the director now owns 42,391 shares in the company, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,036 shares of company stock worth $20,523,497 over the last three months. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently modified their holdings of the business. Garden State Investment Advisory Services LLC bought a new stake in CrowdStrike during the third quarter worth about $446,000. Oddo BHF Asset Management Sas acquired a new position in shares of CrowdStrike during the 3rd quarter worth approximately $2,975,000. Tri Ri Asset Management Corp bought a new stake in shares of CrowdStrike during the 3rd quarter worth approximately $5,456,000. Peapack Gladstone Financial Corp acquired a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $497,000. Finally, Tidal Investments LLC grew its stake in shares of CrowdStrike by 7.5% in the third quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock valued at $6,959,000 after buying an additional 1,740 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

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’s fifty day moving average is $337.91 and its two-hundred day moving average is $315.55. The firm has a market capitalization of $89.46 billion, a price-to-earnings ratio of 712.19, a P/E/G ratio of 19.48 and a beta of 1.11.

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.