CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Piper Sandler Analyst Says

CrowdStrike (NASDAQ:CRWD - Free Report) had its target price upped by Piper Sandler from $375.00 to $400.00 in a report released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts also recently weighed in on CRWD. Hsbc Global Res downgraded shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 27th. Truist Financial upped their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Jefferies Financial Group increased their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Susquehanna increased their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research report on Wednesday. Finally, Stifel Nicolaus reduced their target price on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and an average price target of $400.10.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $24.72 during midday 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 debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $90.01 billion, a price-to-earnings ratio of 716.56, a PEG 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 has a fifty day moving average of $387.84 and a two-hundred day moving average of $338.02.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares of the company's stock, valued at $42,629,875.72. This represents a 3.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,315 shares of company stock valued at $38,387,254. Company insiders own 4.34% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Empirical Asset Management LLC acquired a new stake in CrowdStrike during the 4th quarter worth $11,310,000. Beacon Financial Advisory LLC acquired a new stake in CrowdStrike during the 3rd quarter worth $955,000. Sumitomo Mitsui Trust Group Inc. boosted its stake 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 purchasing an additional 78,305 shares during the period. Hemenway Trust Co LLC boosted its stake in CrowdStrike by 356.8% during the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company's stock worth $1,922,000 after purchasing an additional 5,352 shares during the period. Finally, Arcadia Investment Management Corp MI boosted its stake in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after purchasing an additional 2,814 shares during the period. 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.