CrowdStrike (NASDAQ:CRWD) Shares Up 1.2% After Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) traded up 1.2% during mid-day trading on Thursday after Jefferies Financial Group raised their price target on the stock from $415.00 to $450.00. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike traded as high as $365.00 and last traded at $353.28. 1,168,131 shares were traded during trading, a decline of 76% from the average session volume of 4,923,367 shares. The stock had previously closed at $349.18.

Several other equities analysts also recently weighed in on the company. Sanford C. Bernstein reduced their price target on CrowdStrike from $334.00 to $327.00 and set an "outperform" rating for the company in a report on Thursday, September 5th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $330.00 target price on shares of CrowdStrike in a report on Monday, September 30th. Argus dropped their target price on shares of CrowdStrike from $400.00 to $325.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Susquehanna boosted their price objective on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a "positive" rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC upped their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $361.25.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 115,798 shares of the company's stock, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the completion of the transaction, the director now directly owns 809,266 shares of the company's stock, valued at approximately $282,708,984.44. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 144,498 shares of company stock valued at $45,599,730. Corporate insiders own 4.34% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised 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 valued at $2,701,144,000 after acquiring an additional 275,717 shares during the period. Jennison Associates LLC lifted its stake 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 last quarter. Geode Capital Management LLC boosted its position 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 buying an additional 97,990 shares during the period. Legal & General Group Plc grew its stake 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 valued at $785,425,000 after buying an additional 60,607 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of CrowdStrike by 4.4% in the second 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 during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

The stock has a 50 day moving average of $335.33 and a 200-day moving average of $314.89. 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 stock has a market capitalization of $86.46 billion, a P/E ratio of 688.31, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11.

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.