CrowdStrike (NASDAQ:CRWD) Stock Price Up 2.3% Following Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 2.3% during mid-day trading on Wednesday 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 $375.05 and last traded at $374.72. 914,874 shares were traded during trading, a decline of 67% from the average session volume of 2,759,303 shares. The stock had previously closed at $366.41.

Other analysts also recently issued reports about the company. BMO Capital Markets upped their target price on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Piper Sandler increased their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Evercore ISI boosted their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Stifel Nicolaus increased their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Morgan Stanley raised their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $369.00.

Insider Activity

In related news, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares in the company, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,351 shares of company stock valued at $38,935,113. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several large investors have recently modified their holdings of CRWD. Atticus Wealth Management LLC grew its position in shares of CrowdStrike by 19.7% in the 4th quarter. Atticus Wealth Management LLC now owns 347 shares of the company’s stock worth $119,000 after acquiring an additional 57 shares in the last quarter. KBC Group NV lifted its stake in CrowdStrike by 88.7% during the fourth quarter. KBC Group NV now owns 215,196 shares of the company’s stock worth $73,632,000 after purchasing an additional 101,157 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in CrowdStrike in the fourth quarter worth $122,000. Blue Trust Inc. increased its stake in CrowdStrike by 13.0% during the fourth quarter. Blue Trust Inc. now owns 3,452 shares of the company’s stock valued at $1,181,000 after purchasing an additional 397 shares during the last quarter. Finally, PFG Investments LLC raised its holdings in shares of CrowdStrike by 2.0% during the fourth quarter. PFG Investments LLC now owns 5,041 shares of the company’s stock worth $1,725,000 after purchasing an additional 101 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

The stock’s 50-day moving average price is $356.61 and its 200-day moving average price is $311.51. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $92.16 billion, a P/E ratio of 734.43, a P/E/G ratio of 18.99 and a beta of 1.14.

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.