Stifel Nicolaus Raises CrowdStrike (NASDAQ:CRWD) Price Target to $475.00

CrowdStrike (NASDAQ:CRWD) had its target price increased by analysts at Stifel Nicolaus from $400.00 to $475.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 8.91% from the company’s previous close.

A number of other analysts also recently issued reports on CRWD. Mizuho lifted their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Piper Sandler lifted their target price on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Truist Financial boosted their target price on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Finally, Cantor Fitzgerald lifted their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One investment 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 company’s stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $379.73.

CrowdStrike Trading Down 3.1 %

CrowdStrike stock opened at $436.14 on Wednesday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59. The firm’s 50 day moving average price is $383.99 and its 200-day moving average price is $328.39. 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 stock has a market cap of $107.43 billion, a P/E ratio of 855.19, a PEG ratio of 18.65 and a beta of 1.16.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the transaction, the president now owns 389,589 shares in the company, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares of the company’s stock, valued at $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,565 shares of company stock worth $51,038,529 in the last ninety days. 4.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp lifted its holdings in CrowdStrike by 46.2% during the fourth quarter. Mackenzie Financial Corp now owns 60,226 shares of the company’s stock worth $20,607,000 after buying an additional 19,041 shares during the period. Jupiter Wealth Management LLC bought a new position in shares of CrowdStrike in the 4th quarter worth $120,000. Warm Springs Advisors Inc. bought a new position in shares of CrowdStrike in the 4th quarter worth $1,879,000. Cache Advisors LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth $1,658,000. Finally, GF Fund Management CO. LTD. bought a new stake in CrowdStrike during the fourth quarter valued at about $20,098,000. 71.16% of the stock is currently 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.