CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.6% Following Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) traded up 1.6% during mid-day trading on Monday 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 $342.74 and last traded at $342.02. 549,091 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 5,004,037 shares. The stock had previously closed at $336.75.

Several other brokerages have also commented on CRWD. Needham & Company LLC began coverage on shares of CrowdStrike in a research report on Monday, September 23rd. They issued a "buy" rating and a $360.00 price objective on the stock. Scotiabank lowered their price target on shares of CrowdStrike from $300.00 to $265.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a "hold" rating for the company in a research note on Monday, August 26th. HSBC raised shares of CrowdStrike from a "hold" rating to a "buy" rating and boosted their price objective for the company from $302.00 to $339.00 in a research note on Friday, August 30th. Finally, Susquehanna reissued a "positive" rating and issued a $310.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $331.90.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $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 is available through this link. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares of the company's stock, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 over the last three months. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Several large investors have recently added to or reduced their stakes in the business. State Street Corp grew its position in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock valued at $2,701,144,000 after buying an additional 275,717 shares during the period. Jennison Associates LLC lifted its holdings in CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares in the last quarter. Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 97,990 shares in the last quarter. Legal & General Group Plc lifted its holdings in 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 purchasing an additional 60,607 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company's stock valued at $696,471,000 after purchasing an additional 77,100 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap of $84.07 billion, a PE ratio of 497.06, a P/E/G ratio of 22.77 and a beta of 1.10. The firm's fifty day simple moving average is $297.79 and its two-hundred day simple moving average is $310.36.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The company's revenue for the quarter was up 31.7% on a year-over-year basis. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS 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.