CrowdStrike (NASDAQ:CRWD) Trading Up 0.4% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s stock price shot up 0.4% on Tuesday after KeyCorp raised their price target on the stock from $395.00 to $480.00. KeyCorp currently has an overweight rating on the stock. CrowdStrike traded as high as $430.41 and last traded at $430.84. 469,997 shares changed hands during trading, a decline of 85% from the average session volume of 3,099,389 shares. The stock had previously closed at $428.92.

Other equities analysts have also recently issued research reports about the stock. Barclays boosted their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. The Goldman Sachs Group lifted their price target on CrowdStrike from $372.00 to $415.00 and gave the stock a "buy" rating in a research report on Tuesday, December 24th. JPMorgan Chase & Co. increased their price objective on shares of CrowdStrike from $372.00 to $418.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Needham & Company LLC lifted their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, Evercore ISI raised their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the company an "outperform" rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $372.13.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction on Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares in the company, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,565 shares of company stock valued at $50,597,609 over the last ninety days. 4.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently made changes to their positions in CRWD. Empirical Asset Management LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $11,310,000. Beacon Financial Advisory LLC purchased a new stake in CrowdStrike during the third quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. lifted its position in CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company's stock valued at $237,331,000 after purchasing an additional 78,305 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company's stock worth $124,644,000 after buying an additional 2,863 shares in the last quarter. Finally, Hemenway Trust Co LLC increased its holdings in shares of CrowdStrike by 356.8% in the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company's stock worth $1,922,000 after buying an additional 5,352 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

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 50-day moving average price is $370.16 and its 200-day moving average price is $317.93. The stock has a market capitalization of $106.32 billion, a PE ratio of 846.37, a PEG 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.