Analysts Set CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Price Target at $369.00

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has earned a consensus recommendation of “Moderate Buy” from the forty-three brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, thirty have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $369.00.

CRWD has been the subject of a number of recent research reports. Cantor Fitzgerald boosted their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Scotiabank boosted their price objective on CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Bank of America boosted their price objective on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Wedbush set a $330.00 price objective on CrowdStrike in a report on Thursday, October 17th.

Insider Buying and Selling

In related news, 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 of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,351 shares of company stock worth $38,935,113. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the second quarter valued at $25,000. Berbice Capital Management LLC bought a new position in CrowdStrike in the fourth quarter valued at $27,000. Fortitude Family Office LLC increased its stake 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 acquiring an additional 44 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of CrowdStrike during the second quarter valued at about $38,000. Finally, Oakworth Capital Inc. bought a new position in shares of CrowdStrike during the third quarter valued at about $28,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 9.3 %

CRWD stock opened at $408.68 on Wednesday. The stock’s 50 day simple moving average is $359.26 and its 200 day simple moving average is $311.39. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $411.30. 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 company has a market cap of $100.66 billion, a P/E ratio of 801.35, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14.

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.