Citigroup Raises CrowdStrike (NASDAQ:CRWD) Price Target to $420.00

CrowdStrike (NASDAQ:CRWD) had its target price raised by investment analysts at Citigroup from $400.00 to $420.00 in a research note issued on Friday. The firm presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 15.58% from the company’s previous close.

CRWD has been the topic of several other research reports. The Goldman Sachs Group boosted their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. JMP Securities restated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. Piper Sandler increased their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Canaccord Genuity Group restated a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. Finally, Evercore ISI raised their price objective on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $366.38.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $363.38 on Friday. The firm has a market cap of $89.50 billion, a PE ratio of 712.52, a PEG ratio of 18.55 and a beta of 1.14. The stock has a 50 day moving average of $354.67 and a 200 day moving average of $312.81. 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 12 month low of $200.81 and a 12 month high of $398.33.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the sale, the insider now owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently made changes to their positions in the company. Beacon Financial Advisory LLC purchased a new stake in CrowdStrike during the 3rd quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the period. Doliver Advisors LP boosted its position in CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after buying an additional 4,664 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC raised its position in CrowdStrike by 356.8% during the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after buying an additional 5,352 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.