Robert W. Baird Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $405.00

CrowdStrike (NASDAQ:CRWD) had its price objective decreased by research analysts at Robert W. Baird from $440.00 to $405.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 3.80% from the stock’s current price.

CRWD has been the subject of a number of other research reports. Canaccord Genuity Group raised their price objective on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada raised their target price on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. UBS Group boosted their price target on shares of CrowdStrike from $396.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Hsbc Global Res downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $391.13.

CrowdStrike Stock Up 1.9 %

Shares of CRWD opened at $390.16 on Wednesday. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The firm has a market capitalization of $96.10 billion, a P/E ratio of 765.03, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a 50-day simple moving average of $387.85 and a 200-day simple moving average of $337.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 18,071 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the transaction, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock worth $38,387,254 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Large investors have recently bought and sold shares of the business. Empirical Asset Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth $11,310,000. Beacon Financial Advisory LLC bought a new position in CrowdStrike during the 3rd quarter worth about $955,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after purchasing an additional 78,305 shares during the period. Hemenway Trust Co LLC boosted its position in shares of CrowdStrike by 356.8% during the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after buying an additional 5,352 shares during the period. Finally, Arcadia Investment Management Corp MI boosted its position in shares of CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after buying an additional 2,814 shares during the period. 71.16% of the stock is owned by institutional investors.

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.