Scotiabank Increases CrowdStrike (NASDAQ:CRWD) Price Target to $370.00

CrowdStrike (NASDAQ:CRWD) had its target price lifted by research analysts at Scotiabank from $300.00 to $370.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 0.30% from the company’s current price.

Several other analysts have also recently commented on CRWD. Bank of America raised their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. CICC Research initiated coverage on CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research report on Monday, September 30th. Finally, Barclays lifted their price target on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $369.00.

CrowdStrike Stock Up 3.3 %

Shares of CRWD stock traded up $11.88 on Tuesday, reaching $368.88. 1,108,958 shares of the company’s stock traded hands, compared to its average volume of 2,782,278. The company has a market capitalization of $90.86 billion, a P/E ratio of 721.23, a price-to-earnings-growth ratio of 18.99 and a beta of 1.14. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $398.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The business’s 50 day moving average price is $356.16 and its two-hundred day moving average price is $311.67.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 10,801 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the transaction, the president now owns 389,589 shares of the company’s stock, valued at $139,655,968.83. This represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock worth $38,935,113 over the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRWD. Linden Thomas Advisory Services LLC raised its stake in shares of CrowdStrike by 7.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,605 shares of the company’s stock worth $2,260,000 after purchasing an additional 465 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in CrowdStrike by 21.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 18,061 shares of the company’s stock valued at $6,180,000 after purchasing an additional 3,239 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in CrowdStrike by 6.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 2,186 shares of the company’s stock worth $748,000 after buying an additional 127 shares in the last quarter. Fifth Third Bancorp increased its holdings in CrowdStrike by 42.6% in the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after buying an additional 13,323 shares during the period. Finally, Firethorn Wealth Partners LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at approximately $204,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.