Truist Financial Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $450.00

CrowdStrike (NASDAQ:CRWD) had its price objective cut by Truist Financial from $460.00 to $450.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently commented on the company. BTIG Research raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 target price on the stock in a report on Tuesday, March 25th. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. UBS Group cut their target price on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Mizuho raised their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company upped their target price on CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $400.88.

CrowdStrike Stock Up 2.5 %

Shares of NASDAQ:CRWD opened at $371.49 on Monday. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59. 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 cap of $92.08 billion, a PE ratio of 728.43, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a fifty day simple moving average of $387.85 and a 200 day simple moving average of $351.03.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. This represents a 4.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 114,551 shares of company stock valued at $43,527,642 in the last three months. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently bought and sold shares of the stock. Kera Capital Partners Inc. grew its holdings in shares of CrowdStrike by 4.2% during the 1st quarter. Kera Capital Partners Inc. now owns 874 shares of the company’s stock worth $308,000 after purchasing an additional 35 shares in the last quarter. Modus Advisors LLC increased its holdings in shares of CrowdStrike by 12.6% in the first quarter. Modus Advisors LLC now owns 6,493 shares of the company’s stock valued at $2,289,000 after purchasing an additional 727 shares in the last quarter. Neville Rodie & Shaw Inc. boosted its holdings in CrowdStrike by 16.5% in the first quarter. Neville Rodie & Shaw Inc. now owns 6,618 shares of the company’s stock valued at $2,333,000 after acquiring an additional 935 shares during the last quarter. Fire Capital Management LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $488,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the fourth quarter worth $159,000. 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.