Jefferies Financial Group Raises CrowdStrike (NASDAQ:CRWD) Price Target to $450.00

CrowdStrike (NASDAQ:CRWD) had its price target upped by equities researchers at Jefferies Financial Group from $415.00 to $450.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 27.89% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the company. Wells Fargo & Company raised their price target on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Bank of America boosted their price target on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Cantor Fitzgerald boosted their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Truist Financial boosted their price objective on shares of CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, Sanford C. Bernstein reduced their target price on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $361.25.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $2.68 during mid-day trading on Thursday, hitting $351.86. The stock had a trading volume of 1,199,186 shares, compared to its average volume of 4,923,367. 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 firm has a market cap of $86.67 billion, a PE ratio of 689.94, a PEG ratio of 19.48 and a beta of 1.11. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The company’s 50-day simple moving average is $335.33 and its 200-day simple moving average is $314.89.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,498 shares of company stock valued at $45,599,730. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Garden State Investment Advisory Services LLC purchased a new position in shares of CrowdStrike during the third quarter valued at about $446,000. Oddo BHF Asset Management Sas bought a new position in shares of CrowdStrike during the 3rd quarter valued at $2,975,000. Tri Ri Asset Management Corp bought a new position in shares of CrowdStrike in the 3rd quarter worth approximately $5,456,000. Peapack Gladstone Financial Corp purchased a new stake in CrowdStrike in the third quarter worth about $497,000. Finally, Tidal Investments LLC raised its position in shares of CrowdStrike by 7.5% during the 3rd quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock valued at $6,959,000 after purchasing an additional 1,740 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.