CrowdStrike (NASDAQ:CRWD) Upgraded by BTIG Research to “Buy” Rating

BTIG Research upgraded shares of CrowdStrike (NASDAQ:CRWD) from a neutral rating to a buy rating in a research note released on Tuesday, MarketBeat.com reports. The firm currently has $431.00 price objective on the stock.

Several other research firms also recently weighed in on CRWD. BMO Capital Markets lifted their price target on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Needham & Company LLC reiterated a “buy” rating and issued a $420.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research note on Wednesday, November 27th. Finally, Oppenheimer raised their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $400.26.

CrowdStrike Price Performance

CRWD stock opened at $366.56 on Tuesday. The company has a fifty day simple moving average of $388.15 and a two-hundred day simple moving average of $347.35. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The firm has a market capitalization of $90.86 billion, a P/E ratio of 718.76, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 13,529 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.10, for a total transaction of $4,844,734.90. Following the completion of the transaction, the chief financial officer now owns 244,739 shares of the company’s stock, valued at approximately $87,641,035.90. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,801 shares of company stock valued at $42,092,255 in the last quarter. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Berbice Capital Management LLC purchased a new position in CrowdStrike during the fourth quarter valued at $27,000. FPC Investment Advisory Inc. lifted its stake in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter worth approximately $34,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.