Jefferies Financial Group Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $410.00

CrowdStrike (NASDAQ:CRWD) had its price target lowered by research analysts at Jefferies Financial Group from $425.00 to $410.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 16.86% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Piper Sandler set a $347.00 target price on CrowdStrike in a report on Wednesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. DA Davidson boosted their target price on shares of CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. UBS Group reduced their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Baird R W cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $399.62.

CrowdStrike Stock Performance

CRWD traded down $6.26 during mid-day trading on Monday, reaching $350.85. 1,964,785 shares of the company traded hands, compared to its average volume of 4,889,592. The company’s fifty day moving average price is $388.15 and its 200-day moving average price is $349.49. The stock has a market capitalization of $86.97 billion, a P/E ratio of 689.63, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $455.59.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 22,449 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.68, for a total value of $8,052,007.32. Following the sale, the chief executive officer now owns 2,178,452 shares in the company, valued at approximately $781,367,163.36. The trade was a 1.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,801 shares of company stock worth $42,092,255. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently bought and sold shares of the business. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $27,000. Fortitude Family Office LLC boosted its holdings in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. grew its position in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new stake in CrowdStrike during the 4th quarter worth about $34,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike during the 4th quarter valued at about $34,000. 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.