CrowdStrike (NASDAQ:CRWD) Shares Up 2.3% After Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shot up 2.3% on Monday after JMP Securities raised their price target on the stock from $400.00 to $500.00. JMP Securities currently has a market outperform rating on the stock. CrowdStrike traded as high as $450.41 and last traded at $450.53. 853,744 shares were traded during trading, a decline of 83% from the average session volume of 5,050,801 shares. The stock had previously closed at $440.58.

CRWD has been the subject of several other reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $450.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. DA Davidson upped their price target on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Bank of America upped their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Citigroup reiterated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group cut their price objective on shares of CrowdStrike from $425.00 to $410.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $403.20.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now directly owns 768,092 shares of the company's stock, valued at $248,984,702.72. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael Sentonas sold 13,543 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $4,856,790.66. Following the sale, the president now directly owns 405,308 shares in the company, valued at approximately $145,351,554.96. This trade represents a 3.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,125 shares of company stock valued at $53,208,049 over the last three months. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

Several hedge funds have recently added to or reduced their stakes in the business. Cloud Capital Management LLC bought a new position in shares of CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of CrowdStrike by 114.3% in the 1st 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 in the last quarter. Berbice Capital Management LLC bought a new position in CrowdStrike during the fourth quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its position in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Up 2.1 %

The firm has a market capitalization of $111.54 billion, a price-to-earnings ratio of 882.84, a PEG ratio of 17.86 and a beta of 1.22. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $371.78 and a 200-day moving average of $366.34.

CrowdStrike Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.