CrowdStrike (NASDAQ:CRWD) Given New $435.00 Price Target at Stifel Nicolaus

CrowdStrike (NASDAQ:CRWD) had its price target decreased by Stifel Nicolaus from $475.00 to $435.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 21.48% from the stock’s previous close.

CRWD has been the topic of a number of other research reports. Jefferies Financial Group increased their target price on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Citigroup restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Needham & Company LLC reiterated a “buy” rating and set a $420.00 target price on shares of CrowdStrike in a research report on Wednesday. Canaccord Genuity Group raised their price target on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Piper Sandler upped their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $391.85.

CrowdStrike Stock Performance

CRWD stock traded down $32.08 during trading hours on Wednesday, hitting $358.08. 6,833,269 shares of the stock were exchanged, compared to its average volume of 3,538,473. The company has a 50-day simple moving average of $387.85 and a two-hundred day simple moving average of $337.82. The firm has a market capitalization of $88.20 billion, a P/E ratio of 701.93, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This represents a 4.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was 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 in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,315 shares of company stock worth $38,387,254. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC grew its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares in the last quarter. FPC Investment Advisory Inc. increased its holdings in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike during the 4th quarter worth $34,000. Hedge funds and other 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.