CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $450.00 at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its target price reduced by research analysts at KeyCorp from $480.00 to $450.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 25.67% from the stock’s current price.

Several other analysts also recently commented on the stock. Oppenheimer lifted their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Bank of America boosted their price target on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Barclays cut their price objective on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Wednesday. One equities research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $391.85.

CrowdStrike Stock Performance

NASDAQ CRWD traded down $32.08 on Wednesday, hitting $358.08. 6,833,269 shares of the stock were exchanged, compared to its average volume of 3,538,473. The company has a market capitalization of $88.20 billion, a PE ratio of 701.93, a P/E/G ratio of 17.86 and a beta of 1.19. The business’s fifty day moving average is $387.85 and its 200 day moving average is $337.82. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following 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 filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. The trade was a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock worth $38,387,254 over the last ninety days. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. grew its holdings in CrowdStrike by 61.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,521 shares of the company’s stock valued at $988,000 after buying an additional 1,335 shares in the last quarter. National Pension Service boosted its position in shares of CrowdStrike by 19.3% in the third quarter. National Pension Service now owns 316,512 shares of the company’s stock valued at $88,772,000 after acquiring an additional 51,134 shares during the period. Moloney Securities Asset Management LLC grew its stake in CrowdStrike by 6.4% during the third quarter. Moloney Securities Asset Management LLC now owns 983 shares of the company’s stock valued at $276,000 after acquiring an additional 59 shares in the last quarter. ASB Consultores LLC increased its holdings in CrowdStrike by 68.4% during the 3rd quarter. ASB Consultores LLC now owns 886 shares of the company’s stock worth $248,000 after acquiring an additional 360 shares during the period. Finally, Beacon Financial Advisory LLC purchased a new stake in CrowdStrike in the 3rd quarter worth approximately $955,000. 71.16% of the stock is 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.