CrowdStrike (NASDAQ:CRWD) Given New $450.00 Price Target at Jefferies Financial Group

CrowdStrike (NASDAQ:CRWD) had its target price boosted by Jefferies Financial Group from $415.00 to $450.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on CRWD. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft cut their target price on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, August 26th. KeyCorp lifted their target price on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Bank of America increased their price target on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, BMO Capital Markets upped their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $361.25.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $362.29 on Thursday. The stock has a 50 day moving average of $336.89 and a two-hundred day moving average of $315.59. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $398.33. 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 has a market cap of $89.24 billion, a P/E ratio of 710.39, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 5,500 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.60, for a total transaction of $1,636,800.00. Following the completion of the sale, the insider now owns 169,091 shares in the company, valued at $50,321,481.60. This represents a 3.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,498 shares of company stock valued at $45,599,730 in the last three months. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its stake in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. Geode Capital Management LLC increased its stake in CrowdStrike by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after buying an additional 97,990 shares during the period. Legal & General Group Plc raised its position in CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after buying an additional 60,607 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after acquiring an additional 77,100 shares during the period. Hedge funds and other institutional investors 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.