CrowdStrike (NASDAQ:CRWD) Price Target Raised to $450.00 at Rosenblatt Securities

CrowdStrike (NASDAQ:CRWD) had its price target upped by Rosenblatt Securities from $385.00 to $450.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. BMO Capital Markets increased their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. JMP Securities reiterated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Monday, November 4th. Wells Fargo & Company increased their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group boosted their price objective on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $388.70.

CrowdStrike Trading Down 3.6 %

Shares of NASDAQ:CRWD opened at $380.24 on Thursday. The firm has a fifty day moving average of $386.39 and a two-hundred day moving average of $333.85. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59. The firm has a market capitalization of $93.66 billion, a P/E ratio of 745.58, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction 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 transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,565 shares of company stock worth $40,570,629 over the last three months. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently modified their holdings of CRWD. Berbice Capital Management LLC bought a new stake in CrowdStrike in the fourth quarter worth about $27,000. Fortitude Family Office LLC raised its stake in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. boosted its position in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new position in CrowdStrike during the fourth quarter valued at approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike in the fourth quarter worth $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.