CrowdStrike (NASDAQ:CRWD) Price Target Raised to $400.00 at Oppenheimer

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by Oppenheimer from $355.00 to $400.00 in a research report released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also recently commented on CRWD. Barclays upped their target price on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an overweight rating in a research report on Wednesday, March 6th. Citigroup raised their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the company a buy rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $371.00 to $400.00 and gave the stock an overweight rating in a research note on Wednesday, May 29th. BTIG Research increased their price objective on shares of CrowdStrike from $322.00 to $432.00 and gave the company a buy rating in a report on Wednesday, March 6th. Finally, Evercore ISI boosted their target price on CrowdStrike from $255.00 to $405.00 and gave the stock an outperform rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $375.61.

CrowdStrike Price Performance

CRWD opened at $349.12 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $318.63 and its 200 day moving average price is $297.78. The firm has a market cap of $84.44 billion, a price-to-earnings ratio of 658.73, a price-to-earnings-growth ratio of 14.02 and a beta of 1.08. CrowdStrike has a fifty-two week low of $139.37 and a fifty-two week high of $365.00.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 5,424 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $349.01, for a total transaction of $1,893,030.24. Following the completion of the sale, the chief financial officer now directly owns 308,593 shares of the company’s stock, valued at approximately $107,702,042.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, CFO Burt W. Podbere sold 5,424 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $349.01, for a total value of $1,893,030.24. Following the completion of the sale, the chief financial officer now directly owns 308,593 shares of the company’s stock, valued at $107,702,042.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the transaction, the chief executive officer now owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 317,000 shares of company stock valued at $101,229,160. 4.34% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

Several large investors have recently made changes to their positions in the stock. CVA Family Office LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $26,000. Hexagon Capital Partners LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $26,000. Silver Oak Securities Incorporated acquired a new position in shares of CrowdStrike during the third quarter worth approximately $27,000. Bear Mountain Capital Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter worth $27,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike during the first quarter worth $30,000. Institutional investors own 71.16% of the company’s stock.

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.