CrowdStrike (NASDAQ:CRWD) Price Target Raised to $418.00 at JPMorgan Chase & Co.

CrowdStrike (NASDAQ:CRWD) had its price objective boosted by JPMorgan Chase & Co. from $372.00 to $418.00 in a research note issued to investors on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other brokerages have also recently issued reports on CRWD. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research report on Wednesday, November 27th. Oppenheimer increased their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Royal Bank of Canada cut their price objective on shares of CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Raymond James reduced their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, JMP Securities restated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $358.00.

CrowdStrike Price Performance

Shares of CRWD opened at $388.20 on Monday. The stock has a market capitalization of $95.62 billion, a PE ratio of 761.18, a PEG ratio of 19.48 and a beta of 1.11. The company has a 50 day moving average price of $332.64 and a 200-day moving average price of $314.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,498 shares of company stock worth $45,599,730. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of institutional investors and hedge funds have recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike in the 2nd quarter worth $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike in the third quarter valued at about $28,000. Tsfg LLC increased its stake in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. Family Firm Inc. acquired a new position in shares of CrowdStrike during the 2nd quarter worth about $30,000. Finally, Castleview Partners LLC purchased a new position in CrowdStrike in the 3rd quarter valued at about $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.