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

CrowdStrike (NASDAQ:CRWD) had its target price lowered by investment analysts at Jefferies Financial Group from $450.00 to $425.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 17.64% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $420.00 price target on shares of CrowdStrike in a report on Wednesday. UBS Group lifted their price objective on CrowdStrike from $396.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Barclays lowered their price objective on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $400.73.

CrowdStrike Trading Down 7.4 %

Shares of CRWD stock traded down $28.89 during trading hours on Wednesday, hitting $361.27. The company had a trading volume of 10,837,792 shares, compared to its average volume of 3,652,746. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company’s fifty day moving average is $387.85 and its 200 day moving average is $337.82. The stock has a market capitalization of $88.99 billion, a PE ratio of 708.53, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,315 shares of company stock worth $38,387,254. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. grew its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the period. Fortitude Family Office LLC increased its holdings in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $34,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds 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.