CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $405.00 at Robert W. Baird

CrowdStrike (NASDAQ:CRWD) had its target price cut by Robert W. Baird from $440.00 to $405.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms have also issued reports on CRWD. Barclays boosted their target price on shares of CrowdStrike from $372.00 to $506.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. CICC Research assumed coverage on shares of CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 target price for the company. HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research report on Wednesday, November 27th. Wells Fargo & Company boosted their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, UBS Group boosted their price target on shares of CrowdStrike from $396.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $400.10.

CrowdStrike Trading Down 6.3 %

CrowdStrike stock opened at $365.44 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $387.84 and a two-hundred day moving average price of $338.02. The firm has a market capitalization of $90.01 billion, a price-to-earnings ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $455.59.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred 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 directly owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was 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 100,315 shares of company stock valued at $38,387,254. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Large investors have recently added to or reduced their stakes in the business. Berbice Capital Management LLC bought a new stake in CrowdStrike in the fourth quarter worth approximately $27,000. FPC Investment Advisory Inc. grew its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares in the last quarter. Crowley Wealth Management Inc. bought a new stake in CrowdStrike in the fourth quarter worth approximately $34,000. Finally, Luken Investment Analytics LLC bought a new stake in CrowdStrike in the fourth quarter worth approximately $34,000. 71.16% of the stock is owned by institutional investors.

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.