CrowdStrike (NASDAQ:CRWD) Given New $420.00 Price Target at Bank of America

CrowdStrike (NASDAQ:CRWD) had its price target hoisted by Bank of America from $400.00 to $420.00 in a report released on Wednesday,Benzinga reports. Bank of America currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Morgan Stanley upped their target price on shares of CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Citigroup reissued a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. The Goldman Sachs Group upped their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, KeyCorp boosted their target price on CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $387.08.

CrowdStrike Trading Up 3.9 %

NASDAQ:CRWD opened at $394.56 on Wednesday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59. The stock’s fifty day moving average price is $385.81 and its two-hundred day moving average price is $333.53. 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 company has a market cap of $97.18 billion, a P/E ratio of 773.66, a P/E/G ratio of 17.86 and a beta of 1.16.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,565 shares of company stock valued at $51,038,529. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several large investors have recently bought and sold shares of the company. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $27,000. FPC Investment Advisory Inc. lifted its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares during the period. Fortitude Family Office LLC boosted 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 valued at $28,000 after buying an additional 44 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the 4th quarter worth about $34,000. Finally, Luken Investment Analytics LLC bought a new position in shares of CrowdStrike in the 4th quarter worth about $34,000. 71.16% of the stock is owned by 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.