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

CrowdStrike (NASDAQ:CRWD) had its price target increased by Evercore ISI from $400.00 to $450.00 in a report published on Wednesday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. Truist Financial raised their price target on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Susquehanna increased their target price on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday. Citigroup reissued a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $400.10.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $365.44 on Wednesday. The stock has a fifty day moving average of $387.84 and a 200 day moving average of $338.02. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The firm has a market capitalization of $90.01 billion, a price-to-earnings ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the transaction, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock worth $38,387,254 in the last ninety days. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Siemens Fonds Invest GmbH lifted its position in CrowdStrike by 37.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock valued at $2,384,000 after purchasing an additional 1,893 shares in the last quarter. Park Square Financial Group LLC purchased a new position in CrowdStrike during the fourth quarter valued at $151,000. Total Wealth Planning & Management Inc. purchased a new position in CrowdStrike during the fourth quarter valued at $315,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in CrowdStrike during the fourth quarter valued at $59,596,000. Finally, Brooklyn FI LLC purchased a new position in CrowdStrike during the fourth quarter valued at $3,927,000. 71.16% of the stock is currently 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.