Stephens Begins Coverage on CrowdStrike (NASDAQ:CRWD)

Stock analysts at Stephens started coverage on shares of CrowdStrike (NASDAQ:CRWD) in a report released on Tuesday. The brokerage set an “overweight” rating and a $450.00 price target on the stock. Stephens’ price target indicates a potential upside of 26.64% from the company’s current price.

A number of other research firms have also issued reports on CRWD. Mizuho boosted their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Susquehanna boosted their target price on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Truist Financial decreased their price target on CrowdStrike from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Monday. Finally, Piper Sandler set a $347.00 price objective on CrowdStrike in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $2.76 during trading on Tuesday, hitting $355.34. 277,444 shares of the company traded hands, compared to its average volume of 4,877,105. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average is $388.06 and its 200-day moving average is $350.16. The stock has a market capitalization of $88.08 billion, a price-to-earnings ratio of 694.30, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike has a one year low of $200.81 and a one year high of $455.59.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 22,449 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the sale, the chief executive officer now owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,801 shares of company stock valued at $42,092,255. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Empirical Asset Management LLC acquired a new stake in CrowdStrike in the 4th quarter valued at approximately $11,310,000. Arcadia Investment Management Corp MI increased its position in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after acquiring an additional 2,814 shares during the period. Greenleaf Trust raised its stake in CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after purchasing an additional 1,033 shares during the last quarter. Trifecta Capital Advisors LLC raised its stake in CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in CrowdStrike by 42.6% in the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after purchasing an additional 13,323 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.