CrowdStrike (NASDAQ:CRWD) Price Target Raised to $460.00

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by Truist Financial from $385.00 to $460.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

CRWD has been the subject of several other reports. Rosenblatt Securities boosted their price objective on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Barclays upped their price target on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. BMO Capital Markets upped their price target on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Jefferies Financial Group upped their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Oppenheimer upped their price target on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $376.00.

CrowdStrike Price Performance

Shares of CRWD opened at $451.74 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a 50 day simple moving average of $374.98 and a 200 day simple moving average of $320.90. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $454.13. The firm has a market capitalization of $111.27 billion, a PE ratio of 885.78, a P/E/G ratio of 17.22 and a beta of 1.16.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the transaction, the president now owns 389,589 shares in the company, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,565 shares of company stock worth $49,235,849 in the last 90 days. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Large investors have recently modified their holdings of the stock. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth $27,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike during the 3rd quarter worth $28,000. Fortitude Family Office LLC grew its holdings in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. grew its holdings in shares of 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 in the last quarter. Finally, Tsfg LLC grew its holdings in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.