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

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its target price increased by analysts at Citigroup from $400.00 to $420.00 in a report released on Friday, MarketBeat reports. The firm currently has a "buy" rating on the stock. Citigroup's price target suggests a potential upside of 17.65% from the company's previous close.

A number of other research firms have also issued reports on CRWD. Morgan Stanley boosted their price objective on CrowdStrike from $325.00 to $355.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Monday, November 25th. HSBC downgraded shares of CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 price target for the company. in a research note on Wednesday, November 27th. Piper Sandler boosted their target price on CrowdStrike from $290.00 to $375.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC boosted their target price on CrowdStrike from $360.00 to $420.00 and gave the stock 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 assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $366.38.

CrowdStrike Stock Down 1.8 %

Shares of CRWD traded down $6.38 during trading hours on Friday, reaching $357.00. The stock had a trading volume of 5,014,385 shares, compared to its average volume of 2,955,973. 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 12 month low of $200.81 and a 12 month high of $398.33. The company has a market capitalization of $87.93 billion, a price-to-earnings ratio of 700.01, a P/E/G ratio of 18.55 and a beta of 1.14. The firm has a 50-day simple moving average of $355.33 and a 200 day simple moving average of $313.16.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was 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 approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares of the company's stock, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Jennison Associates LLC lifted its position in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock worth $1,421,646,000 after buying an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC boosted its position in CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock valued at $259,668,000 after purchasing an additional 920,695 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock worth $212,021,000 after purchasing an additional 712,900 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock valued at $146,180,000 after purchasing an additional 371,695 shares during the period. Finally, State Street Corp lifted its position in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.