Stifel Nicolaus Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $435.00

CrowdStrike (NASDAQ:CRWD - Free Report) had its price target trimmed by Stifel Nicolaus from $475.00 to $435.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a research report on Wednesday. Cantor Fitzgerald raised their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Citigroup reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group raised 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $400.10.

CrowdStrike Trading Down 6.3 %

Shares of CrowdStrike stock traded down $24.72 on Wednesday, hitting $365.44. The stock had a trading volume of 15,929,201 shares, compared to its average volume of 3,785,924. The stock has a 50 day moving average of $387.84 and a 200 day moving average of $338.02. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. 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 firm has a market capitalization of $90.01 billion, a P/E ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % 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 worth $38,387,254. Company insiders own 4.34% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after buying an additional 342,294 shares during the period. State Street Corp grew its holdings in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Jennison Associates LLC boosted its stake in CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after buying an additional 352,180 shares in the last quarter. Geode Capital Management LLC boosted its stake in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Finally, Norges Bank purchased a new stake in CrowdStrike in the fourth quarter worth approximately $1,111,542,000. 71.16% of the stock is currently owned by institutional investors.

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.