CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Evercore ISI Analyst Says

CrowdStrike (NASDAQ:CRWD) had its price objective hoisted by Evercore ISI from $400.00 to $450.00 in a report issued on Wednesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other equities research analysts have also recently commented on the company. Wells Fargo & Company raised their price target on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday. Cantor Fitzgerald lifted their target price on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Robert W. Baird reduced their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday. Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $400.10.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $365.44 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business’s 50-day simple moving average is $387.84 and its two-hundred day simple moving average is $338.02. The stock has a market cap of $90.01 billion, a PE ratio of 716.56, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the sale, the president now owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock worth $38,387,254 over the last 90 days. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the business. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth $27,000. Fortitude Family Office LLC increased its position in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth $34,000. Finally, Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.