CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $425.00 at Jefferies Financial Group

CrowdStrike (NASDAQ:CRWD) had its price target reduced by Jefferies Financial Group from $450.00 to $425.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also weighed in on the stock. Evercore ISI lifted their price objective on shares of CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday. The Goldman Sachs Group lifted their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. Truist Financial lifted their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Wedbush lifted their price target on shares of CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $400.10.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $365.44 on Wednesday. The company has a fifty day moving average of $387.84 and a 200-day moving average of $338.02. The firm has a market capitalization of $90.01 billion, a P/E ratio of 716.56, a P/E/G 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. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were 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 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 disclosure for this sale can be found here. In the last three months, insiders have 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after acquiring an additional 342,294 shares during the period. State Street Corp increased its position in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the period. Jennison Associates LLC increased its position in shares of CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after buying an additional 352,180 shares during the period. Geode Capital Management LLC increased its position in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after buying an additional 124,984 shares during the period. Finally, Norges Bank bought a new stake in shares of CrowdStrike during the fourth quarter valued at about $1,111,542,000. 71.16% of the stock is currently owned by 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.