CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $425.00 at Jefferies Financial Group

CrowdStrike (NASDAQ:CRWD) had its price objective cut by research analysts at Jefferies Financial Group from $450.00 to $425.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 17.64% from the stock’s current price.

A number of other brokerages have also recently weighed in on CRWD. Barclays dropped their price objective on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday. The Goldman Sachs Group raised their price target on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. CICC Research initiated coverage on CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective on the stock. Royal Bank of Canada lifted their price objective on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $400.73.

CrowdStrike Price Performance

NASDAQ CRWD traded down $28.89 during trading hours on Wednesday, reaching $361.27. The company’s stock had a trading volume of 10,837,792 shares, compared to its average volume of 3,652,746. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market cap of $88.99 billion, a PE ratio of 708.53, a PEG ratio of 17.86 and a beta of 1.19. The company’s 50-day moving average is $387.85 and its two-hundred day moving average is $337.82. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 17,120 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the sale, the director now owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,315 shares of company stock valued at $38,387,254. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FSA Wealth Management LLC boosted its holdings in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after buying an additional 23 shares during the period. Jacobi Capital Management LLC lifted its position in shares of CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after acquiring an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC grew its position in CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after purchasing an additional 29 shares in the last quarter. Finally, Synergy Financial Group LTD raised its stake in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after purchasing an additional 30 shares during the period. Institutional investors own 71.16% of the company’s stock.

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.