CrowdStrike (NASDAQ:CRWD) Raised to "Strong-Buy" at Roth Capital

CrowdStrike (NASDAQ:CRWD - Get Free Report) was upgraded by research analysts at Roth Capital to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on CRWD. Mizuho upped their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Truist Financial cut their price objective on CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Royal Bank of Canada reiterated an "outperform" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Canaccord Genuity Group increased their price target on CrowdStrike from $370.00 to $420.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $400.76.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $386.07 on Tuesday. The firm has a market capitalization of $95.70 billion, a P/E ratio of 757.02, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. 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 firm's fifty day moving average price is $371.32 and its two-hundred day moving average price is $359.55. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the transaction, the director now directly owns 805,592 shares of the company's stock, valued at approximately $332,218,084.88. The trade was a 0.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Johanna Flower sold 2,974 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $362.48, for a total value of $1,078,015.52. Following the completion of the sale, the director now owns 82,875 shares in the company, valued at $30,040,530. This trade represents a 3.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,375 shares of company stock worth $46,197,236. Company insiders own 4.34% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in CrowdStrike during the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares during the period. Fortitude Family Office LLC raised its position in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after acquiring an additional 44 shares in the last quarter. FPC Investment Advisory Inc. lifted its stake in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares during the period. Finally, Sound Income Strategies LLC boosted its position in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

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.

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