Stifel Nicolaus Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $435.00

CrowdStrike (NASDAQ:CRWD) had its price target decreased by analysts at Stifel Nicolaus from $475.00 to $435.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 21.48% from the company’s current price.

Several other research firms have also issued reports on CRWD. Royal Bank of Canada lifted their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Barclays decreased their target price on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday. Canaccord Genuity Group increased their price target on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research report on Monday. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research note on Wednesday, November 27th. Finally, KeyCorp decreased their target price on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $391.85.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded down $32.08 during trading hours on Wednesday, hitting $358.08. 6,833,269 shares of the company’s stock traded hands, compared to its average volume of 3,538,473. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company’s fifty day simple moving average is $387.85 and its two-hundred day simple moving average is $337.82. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a market cap of $88.20 billion, a price-to-earnings ratio of 701.93, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 18,071 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the sale, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently made changes to their positions in CRWD. Berbice Capital Management LLC acquired a new position in CrowdStrike during the fourth quarter worth $27,000. Fortitude Family Office LLC grew its position in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares during the period. FPC Investment Advisory Inc. increased its stake in shares of CrowdStrike by 811.1% during 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 during the last quarter. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the 4th quarter valued at about $34,000. 71.16% of the stock is owned by institutional investors.

About CrowdStrike

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.