CrowdStrike (NASDAQ:CRWD) Trading Up 0.4% Following Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded up 0.4% during trading on Tuesday after KeyCorp raised their price target on the stock from $395.00 to $480.00. KeyCorp currently has an overweight rating on the stock. CrowdStrike traded as high as $430.41 and last traded at $430.84. 469,997 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 3,099,389 shares. The stock had previously closed at $428.92.

Several other equities research analysts also recently commented on CRWD. Bank of America raised their target price on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company lifted their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Oppenheimer upped their target price on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Needham & Company LLC boosted their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $372.13.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % 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, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,565 shares of company stock valued at $50,597,609 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the 4th quarter valued at $27,000. FPC Investment Advisory Inc. raised its stake in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in 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 purchasing an additional 44 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the fourth quarter valued at $34,000. Finally, Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter worth about $28,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

The firm has a market capitalization of $106.32 billion, a P/E ratio of 846.37, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a 50-day moving average of $370.16 and a 200 day moving average of $317.93.

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.