CrowdStrike (NASDAQ:CRWD) Stock Price Up 1% on Analyst Upgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) rose 1% on Friday after Cantor Fitzgerald raised their price target on the stock from $440.00 to $475.00. Cantor Fitzgerald currently has an overweight rating on the stock. CrowdStrike traded as high as $466.00 and last traded at $463.59. Approximately 704,880 shares traded hands during trading, a decline of 82% from the average daily volume of 3,885,972 shares. The stock had previously closed at $458.81.

A number of other research analysts also recently issued reports on the company. Stephens assumed coverage on CrowdStrike in a report on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price target on the stock. UBS Group upped their price target on CrowdStrike from $425.00 to $545.00 and gave the company a "buy" rating in a report on Thursday. KeyCorp lowered their price target on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. JMP Securities upped their price target on CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a report on Monday, May 5th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $408.12.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 22,449 shares of the stock in a transaction 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 owns 2,178,452 shares in the company, valued at approximately $781,367,163.36. The trade was a 1.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 195,431 shares of company stock worth $79,162,548. Company insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its position in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after purchasing an additional 2,417 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in CrowdStrike by 28.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 50,605 shares of the company's stock valued at $17,315,000 after purchasing an additional 11,057 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in CrowdStrike in the 4th quarter valued at $628,000. Waldron Private Wealth LLC acquired a new stake in CrowdStrike in the 4th quarter valued at $245,000. Finally, Chicago Partners Investment Group LLC increased its holdings in CrowdStrike by 6.5% in the 4th quarter. Chicago Partners Investment Group LLC now owns 3,070 shares of the company's stock valued at $1,101,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Up 1.5%

The stock has a market capitalization of $115.46 billion, a price-to-earnings ratio of 913.39, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a fifty day moving average of $404.18 and a 200-day moving average of $383.90.

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.