CrowdStrike (NASDAQ:CRWD) Price Target Cut to $425.00 by Analysts at Jefferies Financial Group

CrowdStrike (NASDAQ:CRWD) had its price target lowered by Jefferies Financial Group from $450.00 to $425.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Robert W. Baird dropped their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective on the stock. in a research report on Wednesday, November 27th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Wednesday. Susquehanna raised their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $420.00 price target on shares of CrowdStrike in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $400.10.

CrowdStrike Price Performance

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

Insider Activity at CrowdStrike

In related news, 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 value of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s 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 owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This trade 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 worth $38,387,254 in the last quarter. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRWD. Vanguard Group Inc. raised its holdings in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. State Street Corp raised its holdings in CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC raised its holdings in CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC raised its holdings in CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Finally, Norges Bank bought a new position in CrowdStrike during the 4th quarter worth approximately $1,111,542,000. 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.