CrowdStrike (NASDAQ:CRWD) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of CrowdStrike (NASDAQ:CRWD) in a report published on Wednesday,Benzinga reports. Rosenblatt Securities currently has a $450.00 price objective on the stock.

Other analysts also recently issued reports about the stock. Wells Fargo & Company raised their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Needham & Company LLC raised their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. UBS Group raised their target price on shares of CrowdStrike from $396.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Stifel Nicolaus raised their price target on shares of CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $400.10.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $365.44 on Wednesday. The company has a market capitalization of $90.01 billion, a price-to-earnings ratio of 716.56, a P/E/G ratio of 17.86 and a beta of 1.19. The firm’s 50 day simple moving average is $387.84 and its 200 day simple moving average is $338.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now owns 780,592 shares of the company’s stock, valued at $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock valued at $38,387,254 over the last quarter. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Berbice Capital Management LLC bought a new position in CrowdStrike in the fourth quarter valued at about $27,000. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% in the fourth 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 last quarter. FPC Investment Advisory Inc. grew its holdings in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth about $34,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike during the fourth quarter worth about $34,000. Institutional investors 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.