CrowdStrike (NASDAQ:CRWD) Trading Up 0.9% After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares were up 0.9% during 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. Approximately 802,160 shares were traded during trading, a decline of 84% from the average daily volume of 4,993,483 shares. The stock had previously closed at $342.97.

CRWD has been the topic of a number of other reports. Sanford C. Bernstein cut their price objective on CrowdStrike from $334.00 to $327.00 and set an "outperform" rating on the stock in a research note on Thursday, September 5th. Evercore ISI lowered their target price on shares of CrowdStrike from $350.00 to $325.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 30th. TD Cowen cut their target price on shares of CrowdStrike from $400.00 to $380.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. UBS Group lowered their price target on CrowdStrike from $330.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Finally, BNP Paribas began coverage on CrowdStrike in a research report on Tuesday, October 8th. They set a "neutral" rating and a $285.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $331.90.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the firm's stock in a transaction dated 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 directly owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock valued at $32,465,110 over the last quarter. Corporate insiders own 4.34% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of the business. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the 2nd quarter valued at $25,000. Family Firm Inc. acquired a new position in CrowdStrike in the second quarter valued at about $30,000. Itau Unibanco Holding S.A. bought a new position in CrowdStrike during the second quarter worth about $33,000. Unique Wealth Strategies LLC acquired a new position in shares of CrowdStrike during the 2nd quarter worth about $36,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at about $38,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 3.0 %

The business's 50-day moving average is $301.83 and its two-hundred day moving average is $310.94. The firm has a market capitalization of $86.60 billion, a price-to-earnings ratio of 512.01, a P/E/G ratio of 22.77 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The company 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 firm's revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

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.