KeyCorp Raises CrowdStrike (NASDAQ:CRWD) Price Target to $480.00

CrowdStrike (NASDAQ:CRWD - Free Report) had its target price upped by KeyCorp from $395.00 to $480.00 in a research report report published on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Barclays boosted their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. CICC Research began coverage on CrowdStrike in a report on Monday, November 18th. They issued a "market perform" rating and a $295.00 target price for the company. Hsbc Global Res downgraded CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Susquehanna boosted their price objective on CrowdStrike from $310.00 to $400.00 and gave the company a "positive" rating in a research note on Wednesday, November 27th. Finally, Citigroup raised their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $372.13.

CrowdStrike Stock Up 0.6 %

CRWD stock traded up $2.72 during midday trading on Tuesday, reaching $431.64. 2,321,899 shares of the company were exchanged, compared to its average volume of 3,169,684. The stock's 50-day simple moving average is $370.16 and its 200 day simple moving average is $317.93. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $434.78. 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 $106.32 billion, a price-to-earnings ratio of 846.37, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the transaction, the director now owns 780,592 shares in the company, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,565 shares of company stock worth $50,597,609. 4.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC raised its position in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock worth $259,668,000 after purchasing an additional 920,695 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock worth $212,021,000 after buying an additional 712,900 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of CrowdStrike during the 4th quarter valued at about $237,375,000. Finally, Amundi raised its stake in CrowdStrike by 41.9% during the fourth quarter. Amundi now owns 1,382,952 shares of the company's stock worth $496,093,000 after acquiring an additional 408,190 shares during the period. 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.