CrowdStrike (NASDAQ:CRWD) Earns “Buy” Rating from Rosenblatt Securities

CrowdStrike (NASDAQ:CRWD)‘s stock had its “buy” rating reissued by equities researchers at Rosenblatt Securities in a research note issued on Wednesday,Benzinga reports. They presently have a $450.00 price objective on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 15.34% from the company’s current price.

Several other brokerages have also weighed in on CRWD. Needham & Company LLC increased their price objective on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. KeyCorp increased their price target on shares of CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Barclays increased their target price on CrowdStrike from $372.00 to $506.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Robert W. Baird decreased their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday. One 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $391.13.

CrowdStrike Stock Up 1.9 %

CRWD stock opened at $390.16 on Wednesday. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $455.59. The business’s 50 day simple moving average is $387.85 and its 200 day simple moving average is $337.82. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $96.10 billion, a PE ratio of 765.03, a PEG ratio of 17.86 and a beta of 1.19.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 18,071 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the transaction, the chief executive officer now directly owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction 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 completion of the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock worth $38,387,254 over the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after buying an additional 342,294 shares during the period. State Street Corp boosted its holdings in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after acquiring an additional 275,717 shares in the last quarter. Jennison Associates LLC grew its stake in CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after acquiring an additional 352,180 shares during the period. Geode Capital Management LLC increased its holdings in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $1,111,542,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.