Scotiabank Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD) had its price target hoisted by Scotiabank from $300.00 to $370.00 in a research note issued to investors on Tuesday,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

A number of other research firms have also issued reports on CRWD. Cantor Fitzgerald increased their target price on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Piper Sandler lifted their price target on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. CICC Research began coverage on shares of CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price target on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $369.00.

CrowdStrike Price Performance

NASDAQ CRWD opened at $377.70 on Tuesday. The stock has a market cap of $93.03 billion, a price-to-earnings ratio of 740.60, a price-to-earnings-growth ratio of 19.49 and a beta of 1.14. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a 50-day moving average price of $357.22 and a two-hundred day moving average price of $311.97.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. This trade represents a 0.61 % 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, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,351 shares of company stock valued at $38,935,113. 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 acquired a new position in shares of CrowdStrike in the 2nd quarter valued at $25,000. Berbice Capital Management LLC purchased a new stake in CrowdStrike during the 4th quarter valued at about $27,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the third quarter valued at about $28,000. Fortitude Family Office LLC raised its stake in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the last quarter. Finally, Tsfg LLC lifted its holdings 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 purchasing an additional 89 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.