CrowdStrike (NASDAQ:CRWD) Given New $425.00 Price Target at Susquehanna

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price target upped by equities researchers at Susquehanna from $400.00 to $425.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's target price would suggest a potential upside of 16.30% from the stock's current price.

CRWD has been the subject of several other research reports. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Wednesday. Needham & Company LLC restated a "buy" rating and issued a $420.00 target price on shares of CrowdStrike in a report on Wednesday. Wells Fargo & Company upped their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday. Cantor Fitzgerald upped their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Finally, Robert W. Baird cut their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $400.10.

CrowdStrike Stock Down 6.3 %

Shares of CRWD stock traded down $24.72 during trading on Wednesday, reaching $365.44. The company's stock had a trading volume of 15,929,201 shares, compared to its average volume of 3,785,924. 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 company has a market capitalization of $90.01 billion, a price-to-earnings ratio of 716.56, a P/E/G ratio of 17.86 and a beta of 1.19. The stock's 50-day moving average price is $387.84 and its 200 day moving average price is $338.02. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $455.59.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 18,071 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares of the company's stock, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the company. Empirical Asset Management LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at about $11,310,000. Beacon Financial Advisory LLC purchased a new stake in shares of CrowdStrike in the third quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of CrowdStrike by 10.2% in the third 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 last quarter. Hemenway Trust Co LLC raised its holdings in shares of CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company's stock valued at $1,922,000 after purchasing an additional 5,352 shares during the last quarter. Finally, Arcadia Investment Management Corp MI increased its holdings in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after buying an additional 2,814 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

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.