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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price rose 1.8% during mid-day trading on Tuesday after Scotiabank raised their price target on the stock from $300.00 to $370.00. Scotiabank currently has a sector perform rating on the stock. CrowdStrike traded as high as $364.54 and last traded at $363.39. Approximately 635,842 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 2,740,076 shares. The stock had previously closed at $357.00.

Several other research analysts have also commented on the stock. BMO Capital Markets raised their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Bank of America raised their target price on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. KeyCorp increased their price objective on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Rosenblatt Securities raised their price target on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $369.00.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were 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 in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock worth $38,935,113 in the last three months. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Nikulski Financial Inc. grew its position in shares of CrowdStrike by 1.5% in the fourth quarter. Nikulski Financial Inc. now owns 4,916 shares of the company’s stock valued at $1,682,000 after purchasing an additional 72 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its stake in shares of CrowdStrike by 21.8% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 151,854 shares of the company’s stock valued at $51,939,000 after purchasing an additional 27,165 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in CrowdStrike by 7.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,605 shares of the company’s stock valued at $2,260,000 after acquiring an additional 465 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of CrowdStrike by 21.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 18,061 shares of the company’s stock worth $6,180,000 after purchasing an additional 3,239 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of CrowdStrike by 6.2% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 2,186 shares of the company’s stock worth $748,000 after buying an additional 127 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 3.2 %

The business’s 50 day moving average is $356.16 and its 200 day moving average is $311.67. The stock has a market cap of $90.72 billion, a price-to-earnings ratio of 721.84, a price-to-earnings-growth ratio of 18.99 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.