CrowdStrike (NASDAQ:CRWD) Shares Up 1.1% on Analyst Upgrade

CrowdStrike (NASDAQ:CRWD) shares were up 1.1% during trading on Tuesday after DA Davidson raised their price target on the stock from $515.00 to $580.00. DA Davidson currently has a buy rating on the stock. CrowdStrike traded as high as $513.71 and last traded at $512.34. Approximately 1,615,722 shares changed hands during trading, a decline of 53% from the average daily volume of 3,438,782 shares. The stock had previously closed at $506.82.

Several other brokerages also recently issued reports on CRWD. BTIG Research upped their price target on CrowdStrike from $489.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Scotiabank upgraded shares of CrowdStrike from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $440.00 to $600.00 in a research note on Thursday, September 25th. Rosenblatt Securities increased their target price on shares of CrowdStrike from $550.00 to $630.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Weiss Ratings reissued a “sell (d)” rating on shares of CrowdStrike in a research report on Wednesday, October 8th. Finally, Arete raised shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 price objective for the company in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $539.38.

Insider Activity at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 10,706 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the completion of the transaction, the chief financial officer directly owned 220,424 shares of the company’s stock, valued at approximately $109,257,564.08. This represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Sentonas sold 20,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the sale, the president directly owned 379,116 shares of the company’s stock, valued at $189,558,000. This represents a 5.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 116,622 shares of company stock valued at $58,561,456 over the last quarter. 3.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently added to or reduced their stakes in the company. Asset Planning Inc bought a new position in CrowdStrike during the third quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of CrowdStrike during the 3rd quarter valued at approximately $25,000. Anchor Investment Management LLC bought a new position in CrowdStrike in the 3rd quarter worth approximately $25,000. Vision Financial Markets LLC bought a new position in CrowdStrike in the 1st quarter worth approximately $26,000. Finally, AlphaQuest LLC purchased a new position in CrowdStrike in the 2nd quarter valued at approximately $26,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

The business’s fifty day simple moving average is $510.53 and its 200-day simple moving average is $475.95. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm has a market cap of $128.58 billion, a P/E ratio of -430.53, a PEG ratio of 119.10 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $1.04 earnings per share. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.