CrowdStrike (NASDAQ:CRWD) Reaches New 12-Month High Following Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) reached a new 52-week high on Wednesday after Stifel Nicolaus raised their price target on the stock from $400.00 to $475.00. Stifel Nicolaus currently has a buy rating on the stock. CrowdStrike traded as high as $455.44 and last traded at $455.18, with a volume of 2747845 shares changing hands. The stock had previously closed at $451.74.

A number of other equities research analysts also recently issued reports on the stock. Piper Sandler upped their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Citigroup upped their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Susquehanna upped their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Finally, Morgan Stanley upped their price target on shares of CrowdStrike from $390.00 to $429.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine 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 has an average rating of “Moderate Buy” and an average target price of $379.73.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 17,120 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares in the company, valued at $334,194,852.96. The trade was a 2.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Eastern Bank acquired a new stake in CrowdStrike in the 3rd quarter valued at $337,000. Private Advisor Group LLC grew its stake in CrowdStrike by 51.2% in the 3rd quarter. Private Advisor Group LLC now owns 49,296 shares of the company’s stock valued at $13,826,000 after acquiring an additional 16,685 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new stake in CrowdStrike in the 3rd quarter valued at $246,000. MFA Wealth Advisors LLC grew its stake in CrowdStrike by 578.4% in the 3rd quarter. MFA Wealth Advisors LLC now owns 12,957 shares of the company’s stock valued at $3,634,000 after acquiring an additional 11,047 shares during the period. Finally, Capital Investment Counsel Inc grew its stake in CrowdStrike by 2.9% in the 3rd quarter. Capital Investment Counsel Inc now owns 1,800 shares of the company’s stock valued at $505,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 3.1 %

The business’s 50 day moving average is $383.99 and its 200-day moving average is $328.39. The stock has a market cap of $107.43 billion, a price-to-earnings ratio of 855.19, a PEG ratio of 18.44 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.