Evercore ISI Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its price target raised by equities research analysts at Evercore ISI from $400.00 to $450.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 27.15% from the stock’s previous close.

Several other analysts also recently issued reports on CRWD. Truist Financial upped their price target on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Barclays reduced their price objective on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday. Cantor Fitzgerald lifted their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Bank of America lifted their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada raised their target price on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $393.60.

CrowdStrike Stock Down 9.3 %

Shares of CrowdStrike stock traded down $36.26 during midday trading on Wednesday, reaching $353.90. 6,035,314 shares of the company’s stock traded hands, compared to its average volume of 3,500,142. The company has a market cap of $87.17 billion, a price-to-earnings ratio of 692.57, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The company’s 50 day simple moving average is $387.85 and its 200 day simple moving average is $337.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares of the company’s stock, valued at $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock valued at $38,387,254 over the last 90 days. 4.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

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