CrowdStrike’s (CRWD) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a $450.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the company. Wedbush increased their price target on CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Piper Sandler set a $347.00 price target on CrowdStrike in a report on Wednesday, March 5th. DA Davidson upped their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $420.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $403.20.

CrowdStrike Stock Performance

CRWD opened at $410.73 on Thursday. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. The firm has a market capitalization of $101.81 billion, a PE ratio of 805.37, a PEG ratio of 17.86 and a beta of 1.22. 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 firm’s 50-day moving average price is $376.01 and its 200 day moving average price is $370.19.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,551 shares of company stock worth $83,604,814. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several large investors have recently bought and sold shares of CRWD. Vanguard Group Inc. lifted its holdings in shares of CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock valued at $8,051,011,000 after purchasing an additional 908,554 shares in the last quarter. Jennison Associates LLC grew its holdings in CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. Geode Capital Management LLC increased its position in CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Norges Bank acquired a new position in shares of CrowdStrike in the fourth quarter worth $1,111,542,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of CrowdStrike by 39.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock valued at $939,747,000 after acquiring an additional 760,222 shares in the last quarter. 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.