CrowdStrike (NASDAQ:CRWD) Price Target Cut to $435.00 by Analysts at Stifel Nicolaus

CrowdStrike (NASDAQ:CRWD) had its target price cut by Stifel Nicolaus from $475.00 to $435.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Morgan Stanley boosted their price objective on shares of CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Barclays cut their target price on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday. CICC Research began coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price on the stock. Wells Fargo & Company upped their target price on shares of CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $400.10.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $365.44 on Wednesday. CrowdStrike has a 12 month low of $200.81 and a 12 month 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. The firm has a market capitalization of $90.01 billion, a P/E ratio of 716.56, a P/E/G ratio of 17.86 and a beta of 1.19. The company’s fifty day moving average price is $387.84 and its two-hundred day moving average price is $338.02.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the sale, the president now directly owns 389,589 shares in the company, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock worth $38,387,254 over the last quarter. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

A number of large investors have recently added to or reduced their stakes in the business. Siemens Fonds Invest GmbH boosted its holdings in CrowdStrike by 37.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock worth $2,384,000 after buying an additional 1,893 shares in the last quarter. Park Square Financial Group LLC acquired a new position in CrowdStrike in the 4th quarter worth approximately $151,000. Total Wealth Planning & Management Inc. acquired a new position in CrowdStrike in the 4th quarter worth approximately $315,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in CrowdStrike in the 4th quarter worth approximately $59,596,000. Finally, Brooklyn FI LLC acquired a new position in CrowdStrike in the 4th quarter worth approximately $3,927,000. 71.16% of the stock is currently owned by institutional investors.

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.