Stifel Nicolaus Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its target price hoisted by Stifel Nicolaus from $375.00 to $400.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

CRWD has been the topic of a number of other research reports. Evercore ISI raised their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Oppenheimer lifted their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. BMO Capital Markets upped their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Robert W. Baird lifted their target price on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Citigroup upped their target price on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $358.63.

CrowdStrike Stock Up 2.2 %

Shares of NASDAQ CRWD opened at $357.01 on Wednesday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33. The company has a market capitalization of $87.94 billion, a price-to-earnings ratio of 700.03, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11. 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 business has a 50-day moving average of $335.33 and a two-hundred day moving average of $314.89.

Insider Activity

In other news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were 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 trade represents a 4.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. 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 90 days. 4.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRWD. Synergy Financial Group LTD boosted its stake in shares of 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 purchasing an additional 30 shares during the last quarter. Sunpointe LLC boosted its position in CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after acquiring an additional 34 shares during the last quarter. Hilltop Holdings Inc. grew its stake in CrowdStrike by 1.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after acquiring an additional 34 shares during the period. Interchange Capital Partners LLC grew its stake in CrowdStrike by 1.1% in the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after acquiring an additional 39 shares during the period. Finally, JFS Wealth Advisors LLC raised its holdings in CrowdStrike by 9.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock valued at $134,000 after acquiring an additional 40 shares during the last quarter. 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.