CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Barclays Analyst Says

CrowdStrike (NASDAQ:CRWD) had its target price hoisted by research analysts at Barclays from $372.00 to $506.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 24.44% from the stock’s previous close.

Several other brokerages have also commented on CRWD. Jefferies Financial Group upped their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. CICC Research assumed coverage on CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price target for the company. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Susquehanna upped their price target on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. Finally, JMP Securities restated a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.08.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $406.61 on Friday. The business’s 50-day moving average price is $384.76 and its 200 day moving average price is $330.35. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a market capitalization of $100.15 billion, a PE ratio of 797.30, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 17,120 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares in the company, 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 have sold a total of 136,565 shares of company stock valued at $51,038,529 in the last quarter. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds have recently made changes to their positions in the stock. FSA Wealth Management LLC raised its stake in CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after acquiring an additional 23 shares in the last quarter. Jacobi Capital Management LLC raised its stake in CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after acquiring an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC raised its stake in CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after acquiring an additional 29 shares in the last quarter. Finally, Synergy Financial Group LTD raised its stake in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after acquiring an additional 30 shares in the last quarter. 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.