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

CrowdStrike (NASDAQ:CRWD) had its price target raised by Bank of America from $400.00 to $420.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

CRWD has been the subject of a number of other reports. Piper Sandler lifted their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. KeyCorp lifted their price target on shares of CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Hsbc Global Res downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. UBS Group downgraded CrowdStrike from a “buy” rating to a “cautious” rating in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group lifted their price objective on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $389.50.

CrowdStrike Price Performance

CRWD stock opened at $389.66 on Wednesday. The firm has a 50 day moving average of $386.94 and a 200-day moving average of $334.90. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59. 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 company has a market cap of $95.98 billion, a price-to-earnings ratio of 764.05, a PEG ratio of 17.86 and a beta of 1.16.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total value of $2,183,375.00. Following the completion of the sale, the director now owns 809,266 shares of the company’s stock, valued at approximately $282,708,984.44. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 106,565 shares of company stock worth $40,570,629. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Large investors have recently modified their holdings of the business. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter valued at about $27,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. FPC Investment Advisory Inc. grew its stake in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike during the fourth quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the fourth quarter valued at about $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.