CrowdStrike (NASDAQ:CRWD) Earns “Buy” Rating from Needham & Company LLC

CrowdStrike (NASDAQ:CRWD)‘s stock had its “buy” rating reissued by Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $420.00 target price on the stock. Needham & Company LLC’s price objective points to a potential upside of 7.65% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Susquehanna increased their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. UBS Group lifted their price objective on CrowdStrike from $396.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Wells Fargo & Company increased their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $391.13.

CrowdStrike Trading Up 1.9 %

CRWD opened at $390.16 on Wednesday. The business has a 50 day simple moving average of $387.85 and a two-hundred day simple moving average of $337.82. CrowdStrike has a one year low of $200.81 and a one year high of $455.59. The firm has a market capitalization of $96.10 billion, a price-to-earnings ratio of 765.03, a PEG ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares in the company, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 18,071 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the sale, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,315 shares of company stock valued at $38,387,254. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH boosted its position in shares of CrowdStrike by 37.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock valued at $2,384,000 after acquiring an additional 1,893 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in CrowdStrike during the fourth quarter valued at $151,000. Total Wealth Planning & Management Inc. purchased a new stake in CrowdStrike during the fourth quarter valued at $315,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in CrowdStrike during the fourth quarter valued at $59,596,000. Finally, Brooklyn FI LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth $3,927,000. 71.16% of the stock is owned by 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.