CrowdStrike (NASDAQ:CRWD) Price Target Raised to $450.00

CrowdStrike (NASDAQ:CRWD) had its target price boosted by Jefferies Financial Group from $415.00 to $450.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently issued reports on CRWD. Needham & Company LLC raised their price objective on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. CICC Research began coverage on CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price target for the company. Rosenblatt Securities upped their price objective on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Truist Financial lifted their target price on CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, Wells Fargo & Company upped their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $361.25.

CrowdStrike Trading Up 3.2 %

CRWD stock opened at $362.29 on Thursday. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $398.33. The stock has a market capitalization of $89.24 billion, a price-to-earnings ratio of 710.39, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11. 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 firm’s fifty day simple moving average is $336.89 and its two-hundred day simple moving average is $315.59.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 144,498 shares of company stock worth $45,599,730 over the last quarter. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds have recently added to or reduced their stakes in the company. Garden State Investment Advisory Services LLC purchased a new stake in shares of CrowdStrike during the 3rd quarter worth about $446,000. Oddo BHF Asset Management Sas acquired a new position in CrowdStrike in the 3rd quarter worth about $2,975,000. Tri Ri Asset Management Corp purchased a new position in CrowdStrike during the third quarter worth approximately $5,456,000. Peapack Gladstone Financial Corp acquired a new stake in CrowdStrike in the third quarter valued at approximately $497,000. Finally, Tidal Investments LLC increased its position in shares of CrowdStrike by 7.5% in the third quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock valued at $6,959,000 after buying an additional 1,740 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.