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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares shot up 2.3% during trading on Thursday after Stifel Nicolaus raised their price target on the stock from $435.00 to $480.00. Stifel Nicolaus currently has a buy rating on the stock. CrowdStrike traded as high as $448.88 and last traded at $444.68. 929,014 shares changed hands during trading, a decline of 82% from the average session volume of 5,091,696 shares. The stock had previously closed at $434.74.

Several other research firms have also recently weighed in on CRWD. Canaccord Genuity Group upped their target price on CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. JMP Securities boosted their price objective on CrowdStrike from $400.00 to $500.00 and gave the stock a "market outperform" rating in a research report on Monday, May 5th. Bank of America lifted their price target on CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. BTIG Research raised shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 target price on the stock in a report on Tuesday, March 25th. Finally, Roth Capital began coverage on CrowdStrike in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $410.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $403.83.

Insider Activity

In other news, Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $449.00, for a total value of $4,490,000.00. Following the completion of the sale, the director now directly owns 49,500 shares of the company's stock, valued at approximately $22,225,500. This trade represents a 16.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer now owns 36,165 shares of the company's stock, valued at $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,431 shares of company stock valued at $74,472,548. Company insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike in the 1st quarter worth about $25,000. Vision Financial Markets LLC purchased a new stake in CrowdStrike in the first quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Finally, Berbice Capital Management LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $27,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

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 stock has a market capitalization of $110.70 billion, a P/E ratio of 871.94, a PEG ratio of 17.86 and a beta of 1.22. The business has a 50-day moving average price of $391.60 and a 200 day moving average price of $377.11.

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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