Brokerages Set CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Target Price at $398.78

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has been given an average rating of “Moderate Buy” by the forty-three ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $399.51.

CRWD has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Canaccord Genuity Group lifted their target price on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, Stifel Nicolaus decreased their price target on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a report on Wednesday, March 5th.

CrowdStrike Trading Up 3.3 %

NASDAQ:CRWD opened at $375.05 on Thursday. The firm has a market cap of $92.96 billion, a PE ratio of 735.41, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock has a fifty day moving average price of $386.06 and a 200 day moving average price of $343.34. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred 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 sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the sale, the president now directly owns 389,589 shares in the company, valued at $139,655,968.83. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,315 shares of company stock valued at $38,319,124. 4.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in the business. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC boosted its stake in shares of CrowdStrike by 112.8% during the 4th 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. FPC Investment Advisory Inc. boosted its stake in shares of CrowdStrike by 811.1% during the 4th 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. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $34,000. 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.