CrowdStrike (NASDAQ:CRWD) Given New $450.00 Price Target at Mizuho

CrowdStrike (NASDAQ:CRWD) had its target price increased by Mizuho from $385.00 to $450.00 in a research note published on Wednesday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets raised their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Robert W. Baird reiterated a “neutral” rating and issued a $430.00 target price (up from $390.00) on shares of CrowdStrike in a research note on Monday, February 3rd. KeyCorp raised their target price on CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a research note on Tuesday. Wedbush set a $330.00 target price on CrowdStrike in a research note on Thursday, October 17th. Finally, Citigroup raised their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $376.00.

CrowdStrike Stock Performance

Shares of CRWD opened at $451.74 on Wednesday. The business’s fifty day moving average price is $374.98 and its 200 day moving average price is $320.90. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $454.13. The stock has a market capitalization of $111.27 billion, a PE ratio of 885.78, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,565 shares of company stock worth $49,235,849 over the last ninety days. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently made changes to their positions in the stock. FSA Wealth Management LLC boosted its stake in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after purchasing an additional 23 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in shares of CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after purchasing an additional 27 shares in the last quarter. Wintrust Investments LLC boosted its stake in shares of CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after purchasing an additional 29 shares in the last quarter. Finally, Synergy Financial Group LTD boosted its stake in shares of CrowdStrike by 0.8% in the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after purchasing an additional 30 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other 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.