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

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by research analysts at KeyCorp from $395.00 to $480.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 12.18% from the company’s previous close.

Several other research firms have also issued reports on CRWD. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Rosenblatt Securities upped their price target on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research note on Thursday, October 17th. Barclays boosted their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Evercore ISI lifted their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $372.13.

CrowdStrike Trading Down 0.2 %

NASDAQ:CRWD traded down $1.03 on Tuesday, hitting $427.89. 331,201 shares of the stock were exchanged, compared to its average volume of 3,092,565. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $431.90. The stock has a market capitalization of $105.39 billion, a price-to-earnings ratio of 839.29, a P/E/G ratio of 17.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company’s 50-day moving average price is $370.16 and its 200 day moving average price is $317.93.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the completion of the transaction, the director now directly owns 805,592 shares in the company, valued at approximately $332,218,084.88. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,565 shares of company stock worth $39,898,614 over the last 90 days. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. iA Global Asset Management Inc. increased its position in CrowdStrike by 6.3% in the 4th quarter. iA Global Asset Management Inc. now owns 25,205 shares of the company’s stock valued at $8,624,000 after acquiring an additional 1,483 shares during the period. Teacher Retirement System of Texas grew its stake in shares of CrowdStrike by 787.9% in the fourth quarter. Teacher Retirement System of Texas now owns 13,727 shares of the company’s stock worth $4,697,000 after purchasing an additional 12,181 shares during the last quarter. First National Bank of Hutchinson increased its holdings in CrowdStrike by 68.3% in the fourth quarter. First National Bank of Hutchinson now owns 3,085 shares of the company’s stock valued at $1,056,000 after purchasing an additional 1,252 shares during the period. Royal London Asset Management Ltd. raised its position in CrowdStrike by 21.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 111,105 shares of the company’s stock worth $38,016,000 after purchasing an additional 19,821 shares during the last quarter. Finally, Trivest Advisors Ltd lifted its holdings in CrowdStrike by 34.6% during the 4th quarter. Trivest Advisors Ltd now owns 175,000 shares of the company’s stock worth $59,878,000 after buying an additional 45,000 shares during the period. 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.