CrowdStrike (NASDAQ:CRWD) Given New $506.00 Price Target at Barclays

CrowdStrike (NASDAQ:CRWD) had its target price boosted by Barclays from $372.00 to $506.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other analysts have also issued reports on CRWD. Needham & Company LLC upped their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Oppenheimer increased their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Citigroup increased their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $383.08.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $406.61 on Friday. 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’s fifty day moving average price is $384.76 and its two-hundred day moving average price is $329.67. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59. The firm has a market capitalization of $100.15 billion, a P/E ratio of 797.30, a price-to-earnings-growth ratio of 18.44 and a beta of 1.16.

Insider Activity

In related news, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,565 shares of company stock worth $51,038,529. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRWD. Commerzbank Aktiengesellschaft FI bought a new position in CrowdStrike in the 3rd quarter valued at approximately $246,000. International Assets Investment Management LLC raised its holdings in CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after purchasing an additional 920,695 shares during the last quarter. Romano Brothers AND Company bought a new position in CrowdStrike during the 3rd quarter worth approximately $300,000. Hennion & Walsh Asset Management Inc. raised its holdings in CrowdStrike by 27.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 9,085 shares of the company’s stock worth $2,548,000 after purchasing an additional 1,967 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in CrowdStrike by 118.5% during the 3rd quarter. CENTRAL TRUST Co now owns 5,099 shares of the company’s stock worth $1,430,000 after purchasing an additional 2,765 shares during the last quarter. 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.