Evercore ISI Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD - Free Report) had its price objective upped by Evercore ISI from $400.00 to $450.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

CRWD has been the subject of a number of other research reports. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Wednesday. Bank of America raised their price objective on CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Susquehanna raised their price objective on CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a research note on Wednesday. Truist Financial raised their price objective on CrowdStrike from $385.00 to $460.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley raised their price objective on CrowdStrike from $390.00 to $429.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. One investment 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $400.10.

CrowdStrike Stock Down 6.3 %

Shares of CRWD stock traded down $24.72 during trading hours on Wednesday, reaching $365.44. The company 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. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a market capitalization of $90.01 billion, a P/E ratio of 716.56, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock's fifty day simple moving average is $387.84 and its 200 day simple moving average is $338.02.

Insider Activity

In related news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares in the company, valued at $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,315 shares of company stock worth $38,387,254. 4.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently modified their holdings of the stock. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike in the 4th quarter worth $27,000. Fortitude Family Office LLC grew its holdings in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after buying an additional 44 shares in the last quarter. FPC Investment Advisory Inc. grew its holdings in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at $34,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike during the fourth quarter valued at $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.