CrowdStrike (NASDAQ:CRWD) Price Target Raised to $395.00 at Wedbush

CrowdStrike (NASDAQ:CRWD) had its price target lifted by Wedbush from $390.00 to $395.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s target price indicates a potential upside of 10.78% from the stock’s previous close.

Other research analysts have also issued reports about the company. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $450.00 price target on shares of CrowdStrike in a research note on Wednesday. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Bank of America upped their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $398.48.

CrowdStrike Trading Down 8.6 %

NASDAQ CRWD traded down $33.61 during trading hours on Wednesday, hitting $356.56. The company’s stock had a trading volume of 8,385,946 shares, compared to its average volume of 3,594,158. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. The firm has a market capitalization of $87.82 billion, a P/E ratio of 696.57, a PEG ratio of 17.86 and a beta of 1.19. 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 stock has a fifty day moving average of $387.85 and a 200 day moving average of $337.82.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the transaction, the director now directly owns 780,592 shares in the company, valued at $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders 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 have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its position in CrowdStrike by 61.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,521 shares of the company’s stock worth $988,000 after buying an additional 1,335 shares during the period. National Pension Service increased its stake in CrowdStrike by 19.3% during the 3rd quarter. National Pension Service now owns 316,512 shares of the company’s stock worth $88,772,000 after acquiring an additional 51,134 shares during the period. Moloney Securities Asset Management LLC lifted its position in shares of CrowdStrike by 6.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 983 shares of the company’s stock valued at $276,000 after acquiring an additional 59 shares during the period. ASB Consultores LLC grew its holdings in shares of CrowdStrike by 68.4% during the 3rd quarter. ASB Consultores LLC now owns 886 shares of the company’s stock worth $248,000 after purchasing an additional 360 shares in the last quarter. Finally, Beacon Financial Advisory LLC bought a new position in shares of CrowdStrike in the third quarter worth $955,000. 71.16% of the stock is currently 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.