Stifel Nicolaus Boosts CrowdStrike (NASDAQ:CRWD) Price Target to $475.00

CrowdStrike (NASDAQ:CRWD) had its price objective upped by Stifel Nicolaus from $400.00 to $475.00 in a research report released on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

CRWD has been the topic of a number of other research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. KeyCorp lifted their price target on shares of CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. CICC Research assumed coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target on the stock. 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 note on Wednesday, February 12th. Finally, The Goldman Sachs Group lifted their price target 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $379.73.

CrowdStrike Stock Down 1.1 %

CrowdStrike stock opened at $450.14 on Wednesday. The company’s 50 day simple moving average is $382.58 and its 200 day simple moving average is $327.63. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The firm has a market capitalization of $110.87 billion, a price-to-earnings ratio of 882.64, a PEG ratio of 18.50 and a beta of 1.16. 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 Activity

In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the sale, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the company. Berbice Capital Management LLC bought a new stake in CrowdStrike during the fourth quarter worth about $27,000. Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter worth about $28,000. Fortitude Family Office LLC lifted its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. lifted its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Finally, Castleview Partners LLC bought a new stake in CrowdStrike during the third quarter worth about $32,000. 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.