CrowdStrike (NASDAQ:CRWD) Upgraded to Strong-Buy at Roth Capital

CrowdStrike (NASDAQ:CRWD - Get Free Report) was upgraded by research analysts at Roth Capital to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Baird R W lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Wedbush lifted their target price on CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. KeyCorp cut their price target on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. UBS Group lowered their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $400.76.

CrowdStrike Stock Performance

NASDAQ:CRWD traded down $6.48 during trading hours on Tuesday, reaching $418.40. 1,449,036 shares of the company's stock were exchanged, compared to its average volume of 4,060,833. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $103.71 billion, a price-to-earnings ratio of 820.45, a P/E/G ratio of 17.86 and a beta of 1.28. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a 50-day moving average of $369.96 and a 200 day moving average of $362.11.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 22,449 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.68, for a total value of $8,052,007.32. Following the completion of the sale, the chief executive officer now directly owns 2,178,452 shares of the company's stock, valued at approximately $781,367,163.36. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,375 shares of company stock worth $46,197,236. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Resource Group raised its stake in CrowdStrike by 37.9% during the third quarter. Advisory Resource Group now owns 4,025 shares of the company's stock worth $1,129,000 after purchasing an additional 1,106 shares during the period. Westside Investment Management Inc. increased its holdings in shares of CrowdStrike by 44.7% during the 3rd quarter. Westside Investment Management Inc. now owns 4,988 shares of the company's stock worth $1,397,000 after buying an additional 1,542 shares during the last quarter. SOA Wealth Advisors LLC. raised its position in shares of CrowdStrike by 25.5% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 241 shares of the company's stock worth $68,000 after buying an additional 49 shares during the period. Pine Valley Investments Ltd Liability Co boosted its holdings in CrowdStrike by 6.5% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 3,865 shares of the company's stock valued at $1,084,000 after acquiring an additional 236 shares during the last quarter. Finally, World Investment Advisors LLC grew its position in CrowdStrike by 24.7% during the third quarter. World Investment Advisors LLC now owns 2,514 shares of the company's stock valued at $705,000 after acquiring an additional 498 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

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.