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

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price objective upped by research analysts at Citigroup from $400.00 to $420.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 17.65% from the stock's previous close.

A number of other equities analysts also recently weighed in on CRWD. KeyCorp lifted their target price on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. JMP Securities reiterated a "market outperform" rating and set a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. CICC Research assumed coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a "market perform" rating and a $295.00 price target for the company. Cantor Fitzgerald raised their target price on CrowdStrike from $350.00 to $370.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Finally, Hsbc Global Res downgraded CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $366.38.

CrowdStrike Trading Down 1.8 %

Shares of CrowdStrike stock traded down $6.38 during trading on Friday, hitting $357.00. The company's stock had a trading volume of 5,025,151 shares, compared to its average volume of 2,670,549. CrowdStrike has a 52 week low of $200.81 and a 52 week 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. The stock has a market cap of $87.93 billion, a price-to-earnings ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. The stock has a 50-day moving average price of $355.86 and a two-hundred day moving average price of $312.92.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares of the company's stock, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock valued at $38,935,113 in the last 90 days. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

A number of large investors have recently modified their holdings of the business. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike in the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC boosted its stake in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. Tsfg LLC grew its holdings in shares of CrowdStrike by 593.3% during the 3rd 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. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike in the third quarter worth about $32,000. Institutional investors 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.