Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shot up 1.8% during mid-day trading on Tuesday after Scotiabank raised their price target on the stock from $300.00 to $370.00. Scotiabank currently has a sector perform rating on the stock. CrowdStrike traded as high as $364.54 and last traded at $363.39. 635,842 shares changed hands during trading, a decline of 77% from the average session volume of 2,740,076 shares. The stock had previously closed at $357.00.
A number of other equities analysts have also recently issued reports on CRWD. KeyCorp upped their price objective on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Truist Financial upped their price objective on shares of CrowdStrike from $375.00 to $385.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Morgan Stanley upped their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Hsbc Global Res cut shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $330.00 target price on shares of CrowdStrike in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $369.00.
Read Our Latest Report on CRWD
In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now owns 816,730 shares of the company's stock, valued at $261,745,630.40. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock worth $38,935,113 over the last quarter. Insiders own 4.34% of the company's stock.
Large investors have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the second quarter worth about $25,000. Berbice Capital Management LLC purchased a new stake in CrowdStrike during the fourth quarter worth about $27,000. Fortitude Family Office LLC increased its holdings in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after buying an additional 44 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in CrowdStrike during the second quarter worth about $38,000. Finally, Oakworth Capital Inc. purchased a new stake in CrowdStrike during the third quarter worth about $28,000. Hedge funds and other institutional investors own 71.16% of the company's stock.
The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $90.25 billion, a P/E ratio of 718.47, a price-to-earnings-growth ratio of 18.99 and a beta of 1.14. The business's 50-day simple moving average is $356.16 and its two-hundred day simple moving average is $311.67.
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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