Citigroup Increases CrowdStrike (NASDAQ:CRWD) Price Target to $420.00

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by stock analysts at Citigroup from $400.00 to $420.00 in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 15.58% from the company’s previous close.

Several other research firms also recently weighed in on CRWD. Wells Fargo & Company boosted their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. BMO Capital Markets raised their price target on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Susquehanna boosted their price objective on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research note on Wednesday, November 27th. Finally, Bank of America lifted their target price on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $366.38.

CrowdStrike Trading Up 0.4 %

CRWD stock opened at $363.38 on Friday. CrowdStrike has a one year low of $200.81 and a one year high of $398.33. The company has a market capitalization of $89.50 billion, a PE ratio of 712.52, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. The company’s 50 day moving average price is $354.67 and its two-hundred day moving average price is $312.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the transaction, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 2,858 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now directly owns 38,201 shares in the company, valued at $13,916,242.29. This trade represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,351 shares of company stock valued at $38,935,113. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of CRWD. Beacon Financial Advisory LLC purchased a new stake in CrowdStrike in the 3rd quarter worth $955,000. Sumitomo Mitsui Trust Group Inc. raised its stake in CrowdStrike by 10.2% during 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. Doliver Advisors LP lifted its holdings in CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC grew its holdings in CrowdStrike by 356.8% during the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after buying an additional 5,352 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other 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.