CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

CrowdStrike (NASDAQ:CRWD) had its price objective boosted by equities research analysts at Canaccord Genuity Group from $370.00 to $420.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 7.41% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Rosenblatt Securities lifted their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Bank of America lifted their price target on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, KeyCorp raised their price objective on CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $391.75.

CrowdStrike Stock Performance

CrowdStrike stock traded up $1.36 during midday trading on Monday, hitting $391.02. 1,496,608 shares of the company were exchanged, compared to its average volume of 3,284,025. 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 $96.31 billion, a PE ratio of 768.96, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The business has a fifty day simple moving average of $386.94 and a two-hundred day simple moving average of $336.06. 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 Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 17,120 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares in the company, valued at $334,194,852.96. This trade represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,565 shares of company stock valued at $40,570,629 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in shares of CrowdStrike by 53.4% during the third quarter. Farther Finance Advisors LLC now owns 4,206 shares of the company’s stock worth $1,180,000 after purchasing an additional 1,464 shares in the last quarter. Princeton Global Asset Management LLC raised its position in CrowdStrike by 240.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 136 shares of the company’s stock worth $38,000 after buying an additional 96 shares during the last quarter. Clear Creek Financial Management LLC lifted its stake in shares of CrowdStrike by 19.9% in the 3rd quarter. Clear Creek Financial Management LLC now owns 3,017 shares of the company’s stock worth $846,000 after acquiring an additional 501 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of CrowdStrike by 61.1% in the third quarter. Harbor Capital Advisors Inc. now owns 3,521 shares of the company’s stock valued at $988,000 after acquiring an additional 1,335 shares in the last quarter. Finally, Confluence Wealth Services Inc. raised its holdings in CrowdStrike by 15.9% during the third quarter. Confluence Wealth Services Inc. now owns 1,482 shares of the company’s stock worth $416,000 after purchasing an additional 203 shares in the last quarter. 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.