Jefferies Financial Group Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $425.00

CrowdStrike (NASDAQ:CRWD - Free Report) had its price objective reduced by Jefferies Financial Group from $450.00 to $425.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also weighed in on the company. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Wednesday. 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, February 19th. Barclays reduced their price target on CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company in a report on Wednesday. Robert W. Baird reduced their price target on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Stifel Nicolaus dropped their price objective on CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a research report on Wednesday. One research 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $400.10.

CrowdStrike Price Performance

Shares of CRWD stock traded down $24.72 during trading on Wednesday, hitting $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 quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock's 50-day moving average is $387.84 and its two-hundred day moving average is $338.02. The stock has a market capitalization of $90.01 billion, a price-to-earnings ratio of 716.56, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59.

Insider Transactions at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,217 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the transaction, the chief financial officer now directly owns 290,711 shares of the company's stock, valued at $104,115,237.54. This represents a 3.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the company's 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 transaction, the insider now directly 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 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. Corporate insiders own 4.34% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its holdings in shares of CrowdStrike by 61.1% in the third quarter. Harbor Capital Advisors Inc. now owns 3,521 shares of the company's stock valued at $988,000 after purchasing an additional 1,335 shares during the period. National Pension Service increased its holdings in shares of CrowdStrike by 19.3% in the third quarter. National Pension Service now owns 316,512 shares of the company's stock valued at $88,772,000 after purchasing an additional 51,134 shares during the period. Moloney Securities Asset Management LLC increased its holdings in shares of CrowdStrike by 6.4% in the third quarter. Moloney Securities Asset Management LLC now owns 983 shares of the company's stock valued at $276,000 after purchasing an additional 59 shares during the period. ASB Consultores LLC increased its holdings in shares of CrowdStrike by 68.4% in the third quarter. ASB Consultores LLC now owns 886 shares of the company's stock valued at $248,000 after purchasing an additional 360 shares during the period. Finally, Beacon Financial Advisory LLC acquired a new position in shares of CrowdStrike in the third quarter valued at about $955,000. 71.16% of the stock is 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.