CrowdStrike (NASDAQ:CRWD) Price Target Raised to $400.00

CrowdStrike (NASDAQ:CRWD) had its target price upped by Stifel Nicolaus from $375.00 to $400.00 in a research report released on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts have also weighed in on CRWD. Canaccord Genuity Group reaffirmed a “buy” rating and set a $330.00 target price on shares of CrowdStrike in a research report on Monday, September 30th. Robert W. Baird lifted their price objective on shares of CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Raymond James lowered their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Cantor Fitzgerald boosted their price target on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $361.25.

CrowdStrike Trading Up 3.2 %

CRWD opened at $362.29 on Wednesday. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The firm has a market capitalization of $89.24 billion, a PE ratio of 710.39, a P/E/G ratio of 19.48 and a beta of 1.11. 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’s 50-day moving average is $336.89 and its 200 day moving average is $315.52.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 4.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 5,500 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.60, for a total transaction of $1,636,800.00. Following the completion of the transaction, the insider now directly owns 169,091 shares in the company, valued at $50,321,481.60. The trade was a 3.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,498 shares of company stock worth $45,599,730. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of CRWD. Garden State Investment Advisory Services LLC purchased a new stake in CrowdStrike in the third quarter worth approximately $446,000. Oddo BHF Asset Management Sas purchased a new stake in shares of CrowdStrike in the 3rd quarter valued at $2,975,000. Tri Ri Asset Management Corp bought a new position in shares of CrowdStrike during the 3rd quarter valued at $5,456,000. Peapack Gladstone Financial Corp purchased a new position in CrowdStrike in the 3rd quarter worth $497,000. Finally, Tidal Investments LLC lifted its stake in CrowdStrike by 7.5% in the third quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock worth $6,959,000 after purchasing an additional 1,740 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other 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.