CrowdStrike (NASDAQ:CRWD) Hits New 1-Year High After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday after Wedbush raised their price target on the stock from $475.00 to $525.00. Wedbush currently has an outperform rating on the stock. CrowdStrike traded as high as $476.87 and last traded at $471.05, with a volume of 634557 shares changing hands. The stock had previously closed at $471.37.

A number of other analysts have also recently commented on the stock. Raymond James cut shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. Roth Capital assumed coverage on shares of CrowdStrike in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $410.00 price target on the stock. Rosenblatt Securities upped their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday. Jefferies Financial Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, May 7th. Finally, Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $415.62.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. This represents a 4.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 195,431 shares of company stock worth $79,162,548. Insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of CRWD. Cloud Capital Management LLC purchased a new stake in CrowdStrike during the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new position in shares of CrowdStrike in the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. raised its holdings in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Up 2.0%

The stock's fifty day simple moving average is $406.34 and its 200-day simple moving average is $385.17. The firm has a market cap of $121.15 billion, a PE ratio of 958.37, a PEG ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The company's quarterly revenue was up 19.8% on a year-over-year basis. On average, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 earnings per share 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.