CrowdStrike (NASDAQ:CRWD) Price Target Raised to $420.00

CrowdStrike (NASDAQ:CRWD) had its price target boosted by Canaccord Genuity Group from $370.00 to $420.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on CRWD. Evercore ISI upped their target price on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Cantor Fitzgerald increased their price target on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Stifel Nicolaus increased their price target on CrowdStrike from $400.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a research note on Wednesday, November 27th. Finally, Morgan Stanley increased their price target on CrowdStrike from $390.00 to $429.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $400.10.

CrowdStrike Trading Down 6.3 %

Shares of CRWD stock opened at $365.44 on Monday. 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 market cap of $90.01 billion, a P/E ratio of 716.56, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock has a 50 day simple moving average of $387.84 and a 200 day simple moving average of $338.02. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 18,071 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the transaction, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock worth $38,387,254 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH increased its position in CrowdStrike by 37.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock worth $2,384,000 after purchasing an additional 1,893 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $151,000. Total Wealth Planning & Management Inc. purchased a new position in CrowdStrike in the 4th quarter valued at about $315,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in CrowdStrike in the 4th quarter valued at about $59,596,000. Finally, Brooklyn FI LLC purchased a new position in CrowdStrike in the 4th quarter valued at about $3,927,000. Institutional investors and hedge funds 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.