CrowdStrike (NASDAQ:CRWD) Price Target Raised to $400.00 at Stifel Nicolaus

CrowdStrike (NASDAQ:CRWD) had its price target hoisted by stock analysts at Stifel Nicolaus from $375.00 to $400.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 7.90% from the company’s current price.

Several other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research report on Thursday, October 17th. Susquehanna increased their price objective on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. Citigroup increased their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI increased their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $358.63.

CrowdStrike Stock Down 1.5 %

Shares of NASDAQ:CRWD traded down $5.72 during trading on Wednesday, reaching $370.70. The stock had a trading volume of 954,322 shares, compared to its average volume of 4,923,014. CrowdStrike has a one year low of $200.81 and a one year high of $398.33. The company has a market capitalization of $91.31 billion, a P/E ratio of 729.51, a PEG ratio of 19.48 and a beta of 1.11. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm’s 50-day simple moving average is $334.31 and its 200 day simple moving average is $314.65.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction 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 sale, the director now owns 809,266 shares of the company’s stock, valued at $282,708,984.44. The trade was a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 5,500 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.60, for a total transaction of $1,636,800.00. Following the sale, the insider now directly owns 169,091 shares in the company, valued at approximately $50,321,481.60. This trade represents a 3.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,498 shares of company stock valued at $45,599,730. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the 2nd quarter worth $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the 3rd quarter worth $28,000. Tsfg LLC raised its holdings in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares during the period. Family Firm Inc. purchased a new position in shares of CrowdStrike during the 2nd quarter worth $30,000. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike during the 3rd quarter worth $32,000. 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.