CrowdStrike’s (CRWD) Overweight Rating Reiterated at Barclays

Barclays reiterated their overweight rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note published on Wednesday morning, Marketbeat Ratings reports. The firm currently has a $500.00 target price on the stock, up from their previous target price of $475.00.

CRWD has been the subject of a number of other reports. Bank of America increased their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. DZ Bank lowered shares of CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 target price on the stock. in a research report on Thursday, May 22nd. Morgan Stanley boosted their price target on shares of CrowdStrike from $415.00 to $455.00 and gave the company an “overweight” rating in a research report on Thursday, May 15th. JMP Securities boosted their price target on shares of CrowdStrike from $400.00 to $500.00 and gave the company a “market outperform” rating in a research report on Monday, May 5th. Finally, Citigroup reaffirmed an “outperform” rating on shares of CrowdStrike in a research note on Monday, May 5th. Three research analysts have 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 company. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $408.12.

CrowdStrike Stock Performance

Shares of CRWD opened at $465.82 on Wednesday. The company’s fifty day moving average is $404.18 and its 200-day moving average is $383.65. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $474.23. The firm has a market cap of $115.46 billion, a price-to-earnings ratio of 913.39, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling at CrowdStrike

In other news, Director Gerhard Watzinger sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $469.00, for a total transaction of $4,690,000.00. Following the completion of the sale, the director now owns 39,500 shares in the company, valued at approximately $18,525,500. This trade represents a 20.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 195,431 shares of company stock worth $79,162,548 over the last quarter. 3.32% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

A number of hedge funds have recently modified their holdings of CRWD. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC raised its stake in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in CrowdStrike in the 1st quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 58 shares in the last quarter. Finally, FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% in the 4th 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. Institutional investors and hedge funds 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.