CrowdStrike (NASDAQ:CRWD) Given New $425.00 Price Target at Susquehanna

CrowdStrike (NASDAQ:CRWD) had its price objective raised by Susquehanna from $400.00 to $425.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a positive rating on the stock.

CRWD has been the topic of several other reports. Canaccord Genuity Group boosted their price target on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group boosted their price target on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group boosted their price target on CrowdStrike from $396.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $400.10.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $365.44 on Wednesday. The business’s 50 day simple moving average is $387.84 and its 200 day simple moving average is $338.02. CrowdStrike has a one year low of $200.81 and a one year high of $455.59. The stock has a market capitalization of $90.01 billion, a PE ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the 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 transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,315 shares of company stock worth $38,387,254. 4.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Siemens Fonds Invest GmbH grew its stake in shares of CrowdStrike by 37.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock worth $2,384,000 after acquiring an additional 1,893 shares during the period. Park Square Financial Group LLC bought a new position in CrowdStrike in the 4th quarter worth about $151,000. Total Wealth Planning & Management Inc. bought a new position in CrowdStrike in the 4th quarter worth about $315,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in CrowdStrike in the 4th quarter worth about $59,596,000. Finally, Brooklyn FI LLC bought a new position in CrowdStrike in the 4th quarter worth about $3,927,000. Institutional investors 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.