Truist Financial Boosts CrowdStrike (NASDAQ:CRWD) Price Target to $460.00

CrowdStrike (NASDAQ:CRWD) had its price objective hoisted by Truist Financial from $385.00 to $460.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Mizuho raised their price target on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley boosted their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research report on Thursday, October 17th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird restated a “neutral” rating and set a $430.00 price target (up previously from $390.00) on shares of CrowdStrike in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $376.00.

CrowdStrike Stock Performance

Shares of CRWD opened at $434.63 on Wednesday. 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 $107.05 billion, a PE ratio of 852.23, a P/E/G ratio of 17.22 and a beta of 1.16. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $437.60. The stock has a fifty day moving average price of $371.79 and a 200-day moving average price of $319.16.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,565 shares of company stock valued at $50,597,609 over the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at approximately $27,000. Oakworth Capital Inc. bought a new position in CrowdStrike during the 3rd quarter valued at $28,000. Fortitude Family Office LLC increased its position in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. raised its stake in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Finally, Tsfg LLC boosted its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

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.