KeyCorp Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $450.00

CrowdStrike (NASDAQ:CRWD) had its price objective lowered by KeyCorp from $480.00 to $450.00 in a research note published on Wednesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other brokerages have also recently issued reports on CRWD. Mizuho increased their price objective on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Wednesday. The Goldman Sachs Group increased their target price on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Finally, Oppenheimer increased their target price on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $400.10.

CrowdStrike Stock Down 6.3 %

Shares of NASDAQ CRWD opened at $365.44 on Wednesday. The stock has a market cap of $90.01 billion, a P/E ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59. The business’s fifty day simple moving average is $387.84 and its 200-day simple moving average is $338.02.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated 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 owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock worth $38,387,254 over the last 90 days. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the stock. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC lifted its position in shares of CrowdStrike by 112.8% during 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. lifted its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $34,000. 71.16% of the stock is currently 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.