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

CrowdStrike (NASDAQ:CRWD) had its price objective hoisted by equities researchers at Jefferies Financial Group from $415.00 to $450.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 27.89% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $330.00 price target on shares of CrowdStrike in a report on Monday, September 30th. UBS Group lowered their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. JMP Securities reissued a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. Evercore ISI lifted their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Finally, Sanford C. Bernstein lowered their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.25.

CrowdStrike Stock Up 0.8 %

Shares of CrowdStrike stock traded up $2.68 during trading on Thursday, reaching $351.86. The company 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 quick ratio of 1.86 and a current ratio of 1.86. The company has a market cap of $86.67 billion, a price-to-earnings ratio of 689.94, a price-to-earnings-growth 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 firm’s fifty day moving average is $335.33 and its 200-day moving average is $314.89.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 4.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Burt W. Podbere sold 11,178 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the transaction, the chief financial officer now owns 286,472 shares of the company’s stock, valued at approximately $85,216,825.84. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,498 shares of company stock worth $45,599,730 over the last three months. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently modified their holdings of CRWD. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the third quarter worth $28,000. Tsfg LLC increased its stake in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the period. Family Firm Inc. acquired a new position in shares of CrowdStrike during the second quarter worth $30,000. Finally, Castleview Partners LLC acquired a new stake in CrowdStrike in the third quarter valued at $32,000. 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.