CrowdStrike (NASDAQ:CRWD) Upgraded by Stephens to Strong-Buy Rating

Stephens upgraded shares of CrowdStrike (NASDAQ:CRWD - Free Report) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. KeyCorp decreased their price target on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Citigroup reiterated a "buy" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Robert W. Baird decreased their target price on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Finally, Bank of America lifted their target price on CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $400.88.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $9.11 during trading on Monday, reaching $371.49. The company had a trading volume of 2,443,358 shares, compared to its average volume of 4,899,503. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. The stock has a 50-day moving average price of $387.85 and a two-hundred day moving average price of $351.03. The stock has a market capitalization of $92.08 billion, a PE ratio of 728.43, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 2,141 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $371.79, for a total transaction of $796,002.39. Following the transaction, the chief accounting officer now directly owns 34,024 shares of the company's stock, valued at approximately $12,649,782.96. This trade represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,801 shares of company stock worth $42,092,255. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC grew its holdings in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after buying an additional 44 shares in the last quarter. FPC Investment Advisory Inc. increased its position in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC bought a new stake in CrowdStrike during the 4th quarter valued at $34,000. Finally, Crowley Wealth Management Inc. acquired a new position in CrowdStrike during the 4th quarter worth $34,000. 71.16% of the stock is currently owned by institutional investors.

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.