Robert W. Baird Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $405.00

CrowdStrike (NASDAQ:CRWD) had its price objective cut by Robert W. Baird from $440.00 to $405.00 in a report released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently weighed in on the stock. UBS Group boosted their price objective on shares of CrowdStrike from $396.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. CICC Research began coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective for the company. Susquehanna boosted their price objective on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. KeyCorp upped their target price on shares of CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler upped their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $400.10.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $365.44 on Wednesday. The firm has a fifty day simple moving average of $387.84 and a 200-day simple moving average of $338.02. 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 1-year low of $200.81 and a 1-year high of $455.59. The stock has a market capitalization of $90.01 billion, a price-to-earnings ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the 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 sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock valued at $38,387,254 in the last 90 days. 4.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently added to or reduced their stakes in the stock. Siemens Fonds Invest GmbH grew its holdings in CrowdStrike by 37.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock worth $2,384,000 after acquiring an additional 1,893 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of CrowdStrike in the 4th quarter valued at about $151,000. Total Wealth Planning & Management Inc. bought a new position in shares of CrowdStrike in the 4th quarter valued at about $315,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of CrowdStrike in the 4th quarter valued at about $59,596,000. Finally, Brooklyn FI LLC bought a new position in shares of CrowdStrike in the 4th quarter valued at about $3,927,000. Institutional investors own 71.16% of the company’s stock.

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.