CrowdStrike (NASDAQ:CRWD) Price Target Raised to $429.00

CrowdStrike (NASDAQ:CRWD) had its price objective raised by Morgan Stanley from $390.00 to $429.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts have also issued reports about the company. The Goldman Sachs Group boosted their price target on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Oppenheimer boosted their price target on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Royal Bank of Canada boosted their price target on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. KeyCorp boosted their price target on CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Bank of America boosted their price target on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $383.08.

CrowdStrike Price Performance

Shares of CRWD stock opened at $406.61 on Wednesday. The stock has a market capitalization of $100.15 billion, a price-to-earnings ratio of 797.30, a P/E/G ratio of 18.44 and a beta of 1.16. 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 twelve month low of $200.81 and a twelve month high of $455.59. The stock has a fifty day simple moving average of $384.76 and a two-hundred day simple moving average of $329.67.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in the company. Putney Financial Group LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at approximately $1,009,000. Vermillion Wealth Management Inc. acquired a new position in shares of CrowdStrike during the fourth quarter valued at approximately $60,000. Mackenzie Financial Corp raised its holdings in shares of CrowdStrike by 46.2% during the fourth quarter. Mackenzie Financial Corp now owns 60,226 shares of the company’s stock valued at $20,607,000 after acquiring an additional 19,041 shares during the last quarter. Jupiter Wealth Management LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at approximately $120,000. Finally, Warm Springs Advisors Inc. acquired a new position in shares of CrowdStrike during the fourth quarter valued at approximately $1,879,000. 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.