CrowdStrike (NASDAQ:CRWD) Price Target Raised to $480.00

CrowdStrike (NASDAQ:CRWD) had its target price boosted by KeyCorp from $395.00 to $480.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms have also recently commented on CRWD. Wells Fargo & Company upped their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Bank of America increased their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group increased their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Robert W. Baird reiterated a “neutral” rating and issued a $430.00 price objective (up from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Finally, Royal Bank of Canada increased their price objective on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $376.00.

CrowdStrike Price Performance

NASDAQ CRWD opened at $453.77 on Tuesday. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $454.13. 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 stock has a market cap of $111.77 billion, a price-to-earnings ratio of 889.76, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The company has a 50-day moving average price of $373.20 and a two-hundred day moving average price of $319.97.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the sale, the director now owns 780,592 shares in the company, valued at $334,194,852.96. This represents a 2.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,565 shares of company stock worth $49,235,849 in the last quarter. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWD. Empirical Asset Management LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth $11,310,000. Beacon Financial Advisory LLC acquired a new position in shares of CrowdStrike during the 3rd quarter worth $955,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares during the last quarter. Finally, Hemenway Trust Co LLC increased its stake in shares of CrowdStrike by 356.8% during the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after purchasing an additional 5,352 shares during the last quarter. Hedge funds and other 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.