CrowdStrike (NASDAQ:CRWD) Reaches New 1-Year High After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares reached a new 52-week high during mid-day trading on Tuesday after Truist Financial raised their price target on the stock from $385.00 to $460.00. Truist Financial currently has a buy rating on the stock. CrowdStrike traded as high as $431.90 and last traded at $428.92, with a volume of 2255678 shares trading hands. The stock had previously closed at $421.59.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company upped their price target on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Robert W. Baird reiterated a “neutral” rating and set a $430.00 price objective (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Evercore ISI boosted their target price on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Finally, Citigroup increased their price target on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $376.00.

Insider Transactions at CrowdStrike

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

Institutional Investors Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWD. Ritholtz Wealth Management grew its stake in CrowdStrike by 2.1% during the 3rd quarter. Ritholtz Wealth Management now owns 2,209 shares of the company’s stock valued at $620,000 after acquiring an additional 45 shares in the last quarter. Procyon Advisors LLC boosted its holdings in shares of CrowdStrike by 11.0% during the 3rd quarter. Procyon Advisors LLC now owns 1,785 shares of the company’s stock worth $501,000 after purchasing an additional 177 shares during the last quarter. Creative Planning boosted its holdings in shares of CrowdStrike by 9.2% during the 3rd quarter. Creative Planning now owns 173,349 shares of the company’s stock worth $48,619,000 after purchasing an additional 14,609 shares during the last quarter. Prospect Financial Services LLC increased its holdings in shares of CrowdStrike by 22.1% in the third quarter. Prospect Financial Services LLC now owns 1,976 shares of the company’s stock valued at $554,000 after purchasing an additional 357 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC lifted its position in CrowdStrike by 73.8% during the third quarter. Capital Advisors Wealth Management LLC now owns 4,304 shares of the company’s stock worth $1,207,000 after buying an additional 1,828 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

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 has a 50-day moving average of $371.79 and a 200 day moving average of $319.16. The stock has a market cap of $107.05 billion, a PE ratio of 852.23, a P/E/G ratio of 17.22 and a beta of 1.16.

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.