Truist Financial Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD) had its target price increased by research analysts at Truist Financial from $385.00 to $460.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 5.26% from the company’s previous close.

CRWD has been the topic of a number of other research reports. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Barclays raised their price objective on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. KeyCorp raised their price objective on CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wedbush set a $330.00 price objective on CrowdStrike in a research note on Thursday, October 17th. Finally, Royal Bank of Canada raised their price objective on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $376.00.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $5.37 on Wednesday, hitting $437.01. The company’s stock had a trading volume of 1,111,359 shares, compared to its average volume of 3,094,562. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $371.79 and a two-hundred day moving average of $319.16. The firm has a market capitalization of $107.64 billion, a P/E ratio of 855.65, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. CrowdStrike has a one year low of $200.81 and a one year high of $436.41.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now owns 780,592 shares of the company’s stock, valued at $334,194,852.96. The trade was a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the sale, the insider now directly owns 98,214 shares in the company, valued at $34,857,130.74. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,565 shares of company stock worth $50,597,609. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CRWD. Berbice Capital Management LLC purchased a new position in CrowdStrike in the fourth quarter worth $27,000. FPC Investment Advisory Inc. grew its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in CrowdStrike in the fourth quarter worth $34,000. Finally, Oakworth Capital Inc. purchased a new stake in CrowdStrike during the third quarter valued at about $28,000. Institutional investors own 71.16% of the company’s stock.

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.