CrowdStrike (NASDAQ:CRWD) Price Target Raised to $475.00 at Stifel Nicolaus

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price objective upped by equities research analysts at Stifel Nicolaus from $400.00 to $475.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 16.82% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. KeyCorp lifted their price objective on shares of CrowdStrike from $395.00 to $480.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Evercore ISI lifted their price target on CrowdStrike from $325.00 to $400.00 and gave the company an "outperform" rating in a report on Monday, November 25th. Scotiabank increased their price objective on CrowdStrike from $300.00 to $370.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Barclays lifted their target price on CrowdStrike from $295.00 to $372.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Finally, Morgan Stanley increased their price objective on CrowdStrike from $390.00 to $429.00 and gave the stock an "overweight" rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $383.08.

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CrowdStrike Trading Down 6.8 %

Shares of NASDAQ CRWD traded down $29.53 during mid-day trading on Wednesday, hitting $406.61. 5,588,416 shares of the company traded hands, compared to its average volume of 3,150,410. The business has a 50 day moving average of $384.76 and a two-hundred day moving average of $329.67. The stock has a market capitalization of $100.15 billion, a price-to-earnings ratio of 797.30, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares of the company's stock, valued at $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,565 shares of company stock valued at $51,038,529. Corporate insiders own 4.34% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empirical Asset Management LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth $11,310,000. Beacon Financial Advisory LLC acquired a new stake in CrowdStrike in the 3rd quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. lifted its position in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company's stock worth $237,331,000 after buying an additional 78,305 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company's stock valued at $124,644,000 after purchasing an additional 2,863 shares during the last quarter. Finally, Hemenway Trust Co LLC grew its stake in 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 in the last quarter. Institutional investors and hedge funds 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.