CrowdStrike (NASDAQ:CRWD) Stock Price Up 2.1% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 2.1% during mid-day trading on Monday after Truist Financial raised their price target on the stock from $375.00 to $385.00. Truist Financial currently has a buy rating on the stock. CrowdStrike traded as high as $368.39 and last traded at $366.46. 812,546 shares were traded during trading, a decline of 60% from the average session volume of 2,016,086 shares. The stock had previously closed at $359.02.

CRWD has been the subject of several other research reports. Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a research note on Monday, September 30th. The Goldman Sachs Group increased their target price on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Bank of America boosted their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI increased their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $365.88.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares in the company, valued at $38,455,315.24. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the sale, the director now owns 821,766 shares of the company’s stock, valued at $263,277,391.08. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 116,601 shares of company stock worth $40,755,368 in the last 90 days. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Jennison Associates LLC boosted its position in shares of CrowdStrike by 25.0% during 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 in the last quarter. International Assets Investment Management LLC lifted its position in shares of CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after buying an additional 920,695 shares during the period. Daiwa Securities Group Inc. boosted its stake in CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares in the last quarter. Assenagon Asset Management S.A. grew its position in CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after acquiring an additional 371,695 shares during the period. Finally, State Street Corp boosted its stake in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 1.8 %

The firm has a market cap of $88.65 billion, a P/E ratio of 705.76, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14. The company’s fifty day moving average price is $349.00 and its two-hundred day moving average price is $313.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.