CrowdStrike (NASDAQ:CRWD) Given New $425.00 Price Target at Susquehanna

CrowdStrike (NASDAQ:CRWD) had its target price raised by Susquehanna from $400.00 to $425.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price suggests a potential upside of 20.09% from the company’s current price.

Other analysts also recently issued research reports about the stock. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Wednesday. Canaccord Genuity Group lifted their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a report on Monday. Cantor Fitzgerald boosted their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, BMO Capital Markets boosted their price objective on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $393.60.

CrowdStrike Stock Down 9.3 %

NASDAQ:CRWD traded down $36.26 on Wednesday, hitting $353.90. The stock had a trading volume of 6,035,314 shares, compared to its average volume of 3,500,142. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The business’s fifty day moving average is $387.85 and its 200 day moving average is $337.82. The company has a market cap of $87.17 billion, a PE ratio of 692.57, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,315 shares of company stock valued at $38,387,254. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRWD. 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 in the fourth quarter valued at approximately $151,000. Total Wealth Planning & Management Inc. purchased a new stake in CrowdStrike in the fourth quarter valued at approximately $315,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in CrowdStrike during the fourth quarter valued at approximately $59,596,000. Finally, Brooklyn FI LLC purchased a new position in CrowdStrike in the 4th quarter worth approximately $3,927,000. 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.