CrowdStrike (NASDAQ:CRWD) Shares Up 1.6% After Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) traded up 1.6% during trading on Friday after Morgan Stanley raised their price target on the stock from $415.00 to $455.00. Morgan Stanley currently has an overweight rating on the stock. CrowdStrike traded as high as $440.58 and last traded at $438.56. 658,281 shares were traded during trading, a decline of 87% from the average session volume of 5,081,856 shares. The stock had previously closed at $431.84.

Several other analysts also recently weighed in on CRWD. Truist Financial reduced their price objective on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Scotiabank reissued a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Roth Capital began coverage on shares of CrowdStrike in a report on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price objective on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Wednesday, May 7th. Finally, Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $403.56.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 55,556 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the sale, the chief executive officer now owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 189,431 shares of company stock valued at $76,275,228. Company insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of CrowdStrike during the fourth quarter worth approximately $1,111,542,000. Nuveen LLC acquired a new stake in shares of CrowdStrike during the first quarter worth approximately $595,766,000. Jennison Associates LLC boosted its holdings in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. GAMMA Investing LLC boosted its holdings in shares of CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after purchasing an additional 1,084,506 shares during the period. Finally, Pathstone Holdings LLC boosted its holdings in shares of CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the period. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

The stock has a market cap of $108.72 billion, a P/E ratio of 859.93, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The firm's 50-day moving average is $383.64 and its two-hundred day moving average is $373.37. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.

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