TD Cowen Boosts CrowdStrike (NASDAQ:CRWD) Price Target to $400.00

CrowdStrike (NASDAQ:CRWDFree Report) had its target price boosted by TD Cowen from $340.00 to $400.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on CRWD. Morgan Stanley reiterated an overweight rating and set a $304.00 price objective on shares of CrowdStrike in a research note on Wednesday. Scotiabank boosted their price objective on CrowdStrike from $320.00 to $400.00 and gave the company a sector outperform rating in a research note on Wednesday. BMO Capital Markets boosted their price objective on CrowdStrike from $332.00 to $425.00 and gave the company an outperform rating in a research note on Wednesday. Citigroup boosted their price objective on CrowdStrike from $275.00 to $320.00 and gave the company a buy rating in a research note on Wednesday, January 10th. Finally, Wells Fargo & Company boosted their price objective on CrowdStrike from $315.00 to $380.00 and gave the company an overweight rating in a research note on Monday, March 4th. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $371.50.

Read Our Latest Research Report on CrowdStrike

CrowdStrike Price Performance

NASDAQ CRWD opened at $322.85 on Wednesday. CrowdStrike has a 52 week low of $115.67 and a 52 week high of $365.00. The firm has a market capitalization of $77.53 billion, a P/E ratio of 896.83, a PEG ratio of 10.13 and a beta of 1.06. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $299.97 and a 200-day moving average price of $231.49.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 22,123 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $286.00, for a total value of $6,327,178.00. Following the sale, the president now owns 311,872 shares in the company, valued at $89,195,392. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 9,205 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $253.14, for a total value of $2,330,153.70. Following the sale, the insider now owns 190,777 shares in the company, valued at $48,293,289.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Michael Sentonas sold 22,123 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $286.00, for a total value of $6,327,178.00. Following the completion of the sale, the president now owns 311,872 shares in the company, valued at approximately $89,195,392. The disclosure for this sale can be found here. Insiders have sold a total of 227,858 shares of company stock worth $59,916,066 over the last quarter. Company insiders own 5.68% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently made changes to their positions in the company. CVA Family Office LLC bought a new position in shares of CrowdStrike during the 4th quarter worth $26,000. Hexagon Capital Partners LLC bought a new position in shares of CrowdStrike during the 4th quarter worth $26,000. Bear Mountain Capital Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth $27,000. Hobbs Group Advisors LLC bought a new position in shares of CrowdStrike during the 4th quarter worth $28,000. Finally, Johnson Financial Group Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth $31,000. Institutional investors own 63.53% of the company’s stock.

CrowdStrike Company Profile

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CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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