CrowdStrike (NASDAQ:CRWD) Price Target Raised to $420.00

CrowdStrike (NASDAQ:CRWD) had its price target boosted by equities researchers at Citigroup from $400.00 to $420.00 in a report issued on Friday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 17.65% from the stock’s current price.

Several other brokerages also recently commented on CRWD. Royal Bank of Canada upped their target price on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. The Goldman Sachs Group raised their target price on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a report on Wednesday, November 27th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research note on Thursday, October 17th. Finally, Wells Fargo & Company boosted their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $366.38.

CrowdStrike Trading Down 1.8 %

CrowdStrike stock opened at $357.00 on Friday. The firm has a market cap of $87.93 billion, a price-to-earnings ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33. The firm’s 50 day moving average price is $355.86 and its two-hundred day moving average price is $312.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Transactions at CrowdStrike

In related news, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the sale, the president now directly owns 389,589 shares of the company’s stock, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the transaction, the insider now directly owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,351 shares of company stock worth $38,935,113. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its position in CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC boosted its stake in CrowdStrike by 17,926.3% in 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 in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after buying an additional 371,695 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

About CrowdStrike

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.