CrowdStrike (NASDAQ:CRWD) Given New $450.00 Price Target at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its target price decreased by equities research analysts at KeyCorp from $480.00 to $450.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 25.67% from the company’s previous close.

A number of other research firms also recently weighed in on CRWD. Needham & Company LLC restated a “buy” rating and set a $420.00 price target on shares of CrowdStrike in a research report on Wednesday. CICC Research initiated coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target on the stock. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a report on Wednesday, November 27th. Stifel Nicolaus lifted their target price on shares of CrowdStrike from $400.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Finally, Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $391.85.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded down $32.08 during trading on Wednesday, reaching $358.08. The company had a trading volume of 6,833,269 shares, compared to its average volume of 3,538,473. The company has a fifty day moving average of $387.85 and a two-hundred day moving average of $337.82. 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 stock has a market capitalization of $88.20 billion, a P/E ratio of 701.93, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59.

Insider Buying and Selling at CrowdStrike

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 transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock valued at $38,387,254 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. increased its position in shares of CrowdStrike by 61.1% during the third quarter. Harbor Capital Advisors Inc. now owns 3,521 shares of the company’s stock worth $988,000 after acquiring an additional 1,335 shares during the period. National Pension Service increased its holdings in shares of CrowdStrike by 19.3% in the 3rd quarter. National Pension Service now owns 316,512 shares of the company’s stock valued at $88,772,000 after acquiring an additional 51,134 shares during the period. Moloney Securities Asset Management LLC raised its position in shares of CrowdStrike by 6.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 983 shares of the company’s stock worth $276,000 after acquiring an additional 59 shares in the last quarter. ASB Consultores LLC boosted its position in CrowdStrike by 68.4% during the third quarter. ASB Consultores LLC now owns 886 shares of the company’s stock valued at $248,000 after purchasing an additional 360 shares in the last quarter. Finally, Beacon Financial Advisory LLC bought a new stake in CrowdStrike during the third quarter valued at about $955,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.