CrowdStrike (NASDAQ:CRWD) Shares Up 0.9% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was up 0.9% during mid-day trading on Tuesday after Truist Financial raised their price target on the stock from $325.00 to $375.00. Truist Financial currently has a buy rating on the stock. CrowdStrike traded as high as $346.07 and last traded at $345.91. 802,160 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 4,993,483 shares. The stock had previously closed at $342.97.

A number of other equities research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. TD Cowen decreased their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Jefferies Financial Group lifted their price target on CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Raymond James decreased their target price on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, UBS Group cut their price target on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.90.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,248 shares of company stock valued at $32,465,110. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its stake in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after buying an additional 275,717 shares during the period. Jennison Associates LLC increased its position in shares of CrowdStrike by 25.0% in the third 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 during the period. Geode Capital Management LLC raised its stake in shares of CrowdStrike by 2.0% during the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after acquiring an additional 97,990 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of CrowdStrike by 3.0% during the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after purchasing an additional 77,100 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company has a 50 day moving average of $299.72 and a 200-day moving average of $310.63. The company has a market capitalization of $84.64 billion, a P/E ratio of 501.32, a PEG ratio of 22.77 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

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.