Royal Bank of Canada Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD) had its price target raised by Royal Bank of Canada from $365.00 to $420.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 16.99% from the stock’s current price.

Several other equities research analysts have also recently commented on CRWD. Susquehanna boosted their price target on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Evercore ISI raised their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Piper Sandler upped their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, BNP Paribas started coverage on CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $365.63.

CrowdStrike Price Performance

CRWD opened at $359.02 on Friday. The stock has a fifty day moving average price of $346.72 and a 200 day moving average price of $314.90. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33. The stock has a market cap of $88.43 billion, a price-to-earnings ratio of 703.97, a PEG ratio of 19.48 and a beta of 1.11.

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the transaction, the director now directly owns 821,766 shares of the company’s stock, valued at $263,277,391.08. The trade was a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 116,601 shares of company stock worth $40,755,368 in the last 90 days. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

Several large investors have recently made changes to their positions in the business. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike during the 2nd quarter worth about $25,000. Itau Unibanco Holding S.A. bought a new position in CrowdStrike in the second quarter valued at approximately $33,000. Fairfield Financial Advisors LTD acquired a new stake in shares of CrowdStrike during the second quarter worth $38,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of CrowdStrike during the 2nd quarter worth about $38,000. Finally, Oakworth Capital Inc. acquired a new position in CrowdStrike during the third quarter valued at approximately $28,000. Institutional investors 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.