CrowdStrike (NASDAQ:CRWD) Price Target Raised to $370.00

CrowdStrike (NASDAQ:CRWDGet Free Report) had its price target hoisted by research analysts at Scotiabank from $300.00 to $370.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 0.30% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Oppenheimer upped their price objective on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Royal Bank of Canada upped their price objective on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $369.00.

Get Our Latest Analysis on CrowdStrike

CrowdStrike Stock Up 3.3 %

Shares of CrowdStrike stock traded up $11.88 during trading on Tuesday, hitting $368.88. 1,108,958 shares of the stock were exchanged, compared to its average volume of 2,782,278. The firm’s 50-day moving average price is $356.16 and its 200 day moving average price is $311.67. The stock has a market cap of $90.86 billion, a price-to-earnings ratio of 721.23, a price-to-earnings-growth ratio of 18.99 and a beta of 1.14. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $398.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the transaction, the president now owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock valued at $38,935,113 over the last 90 days. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

A number of institutional investors have recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike during the second quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth $27,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the 3rd quarter worth $28,000. Fortitude Family Office LLC raised its position in shares of CrowdStrike by 112.8% during 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 period. 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 valued at $29,000 after purchasing an additional 89 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

About CrowdStrike

(Get Free Report)

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.

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