CrowdStrike (NASDAQ:CRWD) Price Target Raised to $480.00 at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its price objective upped by KeyCorp from $395.00 to $480.00 in a research note issued to investors on Tuesday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other research analysts have also issued reports on the stock. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Truist Financial raised their target price on shares of CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Susquehanna raised their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Finally, Barclays raised their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $376.00.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $453.77 on Tuesday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $454.13. The firm’s fifty day simple moving average is $373.20 and its 200 day simple moving average is $319.97. 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 has a market capitalization of $111.77 billion, a PE ratio of 889.76, a PEG ratio of 17.22 and a beta of 1.16.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the transaction, the director now directly owns 780,592 shares in the company, valued at $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,565 shares of company stock worth $49,235,849 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently modified their holdings of the stock. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $27,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the third quarter worth approximately $28,000. Fortitude Family Office LLC lifted its position in shares of CrowdStrike by 112.8% during the fourth 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. lifted its position in shares of CrowdStrike by 811.1% during the fourth 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 lifted its position in shares of CrowdStrike by 593.3% during the third 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 currently 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.