CrowdStrike (NASDAQ:CRWD) Price Target Raised to $475.00

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by Cantor Fitzgerald from $440.00 to $475.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently commented on CRWD. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 target price on shares of CrowdStrike in a research report on Thursday, May 8th. DZ Bank downgraded CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 target price on the stock. in a research report on Thursday, May 22nd. UBS Group boosted their target price on CrowdStrike from $425.00 to $545.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler set a $347.00 target price on CrowdStrike in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $408.12.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $465.82 on Friday. The stock’s 50-day simple moving average is $404.18 and its 200-day simple moving average is $384.17. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $474.23. The company has a market capitalization of $115.46 billion, a price-to-earnings ratio of 913.39, a PEG ratio of 17.86 and a beta of 1.22. 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 other CrowdStrike news, President Michael Sentonas sold 13,543 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now owns 405,308 shares in the company, valued at $145,351,554.96. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerhard Watzinger sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $469.00, for a total value of $4,690,000.00. Following the sale, the director now owns 39,500 shares of the company’s stock, valued at approximately $18,525,500. This represents a 20.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 195,431 shares of company stock worth $79,162,548 over the last 90 days. Company insiders own 3.32% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently made changes to their positions in CRWD. Brighton Jones LLC lifted its holdings in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of CrowdStrike by 28.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 50,605 shares of the company’s stock valued at $17,315,000 after purchasing an additional 11,057 shares during the last quarter. First Affirmative Financial Network lifted its holdings in shares of CrowdStrike by 4.2% during the 4th quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock valued at $278,000 after purchasing an additional 33 shares during the last quarter. Mediolanum International Funds Ltd lifted its holdings in shares of CrowdStrike by 22.6% during the 4th quarter. Mediolanum International Funds Ltd now owns 68,838 shares of the company’s stock valued at $23,987,000 after purchasing an additional 12,683 shares during the last quarter. Finally, Marest Capital LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $204,000. Hedge funds and other 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.