CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares gapped up prior to trading on Thursday after Jefferies Financial Group raised their price target on the stock from $415.00 to $450.00. The stock had previously closed at $349.18, but opened at $364.93. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike shares last traded at $354.53, with a volume of 547,700 shares trading hands.
A number of other brokerages have also recently commented on CRWD. TD Cowen lowered their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. JMP Securities reiterated a "market outperform" rating and issued a $400.00 price target on shares of CrowdStrike in a research report on Monday, November 4th. Hsbc Global Res downgraded CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. HSBC cut CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 target price on the stock. in a report on Wednesday, November 27th. Finally, DA Davidson restated a "buy" rating and issued a $310.00 price objective on shares of CrowdStrike in a research report on Wednesday, September 18th. One 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 company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $361.25.
Read Our Latest Stock Report on CrowdStrike
Insider Buying and Selling at CrowdStrike
In other news, CAO Anurag Saha sold 1,683 shares of the business's 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 completion of the transaction, the chief accounting officer now owns 38,962 shares of the company's stock, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares in the company, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,498 shares of company stock worth $45,599,730 over the last 90 days. Insiders own 4.34% of the company's stock.
Institutional Trading of CrowdStrike
Several hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after acquiring an additional 275,717 shares during the period. Jennison Associates LLC lifted its position in CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. Geode Capital Management LLC boosted its stake in CrowdStrike by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company's stock valued at $1,367,505,000 after purchasing an additional 97,990 shares in the last quarter. Legal & General Group Plc increased its position in shares of CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company's stock valued at $785,425,000 after purchasing an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company's stock worth $696,471,000 after buying an additional 77,100 shares in the last quarter. Institutional investors own 71.16% of the company's stock.
CrowdStrike Stock Performance
The company has a fifty day moving average price of $336.05 and a two-hundred day moving average price of $315.15. The firm has a market cap of $86.46 billion, a price-to-earnings ratio of 688.31, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.
CrowdStrike Company Profile
(
Get Free Report)
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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