CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $450.00 at KeyCorp

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price objective dropped by KeyCorp from $480.00 to $450.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. KeyCorp's target price points to a potential upside of 23.14% from the stock's current price.

CRWD has been the topic of several other research reports. Cantor Fitzgerald upped their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Bank of America upped their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Rosenblatt Securities reiterated a "buy" rating and issued a $450.00 price objective on shares of CrowdStrike in a research note on Wednesday. BMO Capital Markets upped their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Susquehanna upped their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $400.10.

CrowdStrike Trading Down 6.3 %

Shares of NASDAQ:CRWD traded down $24.72 during mid-day trading on Wednesday, hitting $365.44. The 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 quick ratio of 1.86 and a current ratio of 1.86. The company has a market cap of $90.01 billion, a PE ratio of 716.56, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59. The company's 50 day moving average is $387.84 and its 200-day moving average is $338.02.

Insider Transactions at CrowdStrike

In related 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 transaction 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 trade represents a 4.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 10,801 shares of the 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 sale, the president now owns 389,589 shares of the company's stock, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 100,315 shares of company stock valued at $38,387,254. Company insiders own 4.34% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after acquiring an additional 342,294 shares in the last quarter. State Street Corp grew 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 buying an additional 275,717 shares during the period. Jennison Associates LLC grew its position in shares of CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after buying an additional 352,180 shares during the period. Geode Capital Management LLC grew its position in shares of CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after buying an additional 124,984 shares during the period. Finally, Norges Bank acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $1,111,542,000. Institutional investors and hedge funds 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.