CrowdStrike (NASDAQ:CRWD) Price Target Raised to $450.00 at JPMorgan Chase & Co.

CrowdStrike (NASDAQ:CRWD) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $418.00 to $450.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 16.52% from the stock’s current price.

Several other research firms have also issued reports on CRWD. Mizuho lifted their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. BMO Capital Markets lifted their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. 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 report on Wednesday. Piper Sandler increased their target price 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, Wells Fargo & Company upped their price target on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $389.50.

CrowdStrike Trading Up 1.6 %

Shares of NASDAQ CRWD traded up $5.97 during trading hours on Friday, hitting $386.21. The company’s stock had a trading volume of 958,360 shares, compared to its average volume of 3,257,580. The stock has a market cap of $95.13 billion, a price-to-earnings ratio of 756.46, a P/E/G ratio of 17.86 and a beta of 1.16. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59. The business has a 50-day simple moving average of $386.39 and a 200-day simple moving average of $333.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the completion of the transaction, the director now owns 809,266 shares in the company, valued at approximately $282,708,984.44. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,565 shares of company stock worth $40,570,629. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at about $27,000. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the period. FPC Investment Advisory Inc. boosted its stake in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in CrowdStrike in the fourth quarter worth $34,000. Hedge funds and other 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.