CrowdStrike (NASDAQ:CRWD) Given New $475.00 Price Target at Stifel Nicolaus

CrowdStrike (NASDAQ:CRWD) had its target price increased by analysts at Stifel Nicolaus from $400.00 to $475.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 4.35% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on CRWD. CICC Research assumed coverage on CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price target for the company. Bank of America boosted their price objective on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI boosted their price objective on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Susquehanna increased their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Finally, Cantor Fitzgerald boosted their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $379.73.

CrowdStrike Price Performance

Shares of CRWD opened at $455.18 on Wednesday. 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 $112.12 billion, a PE ratio of 892.53, a price-to-earnings-growth ratio of 18.50 and a beta of 1.16. The firm’s 50-day simple moving average is $380.83 and its two-hundred day simple moving average is $326.77. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.44.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the sale, the director now owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,565 shares of company stock valued at $49,235,849. 4.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

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