CrowdStrike (NASDAQ:CRWD) Price Target Raised to $385.00

CrowdStrike (NASDAQ:CRWD) had its price objective hoisted by Truist Financial from $375.00 to $385.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

CRWD has been the topic of a number of other reports. Barclays boosted their target price on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. BNP Paribas assumed coverage on CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $365.88.

CrowdStrike Price Performance

NASDAQ CRWD opened at $358.72 on Tuesday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33. The business’s fifty day moving average is $351.26 and its two-hundred day moving average is $314.22. The stock has a market capitalization of $88.36 billion, a P/E ratio of 703.39, a P/E/G ratio of 19.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the transaction, the insider now owns 124,298 shares in the company, valued at $38,455,315.24. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the sale, the president now owns 389,589 shares in the company, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock worth $38,752,993 over the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the 2nd quarter worth about $25,000. Itau Unibanco Holding S.A. bought a new stake in CrowdStrike during the second quarter worth about $33,000. Fairfield Financial Advisors LTD acquired a new stake in shares of CrowdStrike during the second quarter worth approximately $38,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of CrowdStrike during the second quarter worth approximately $38,000. Finally, Oakworth Capital Inc. bought a new position in shares of CrowdStrike in the third quarter valued at approximately $28,000. 71.16% of the stock is owned by 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.