CrowdStrike (NASDAQ:CRWD) Given New $460.00 Price Target at Truist Financial

CrowdStrike (NASDAQ:CRWD) had its price objective increased by Truist Financial from $385.00 to $460.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also weighed in on CRWD. BMO Capital Markets boosted their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Mizuho upped their target price on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday. Stifel Nicolaus boosted their price objective on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. Finally, The Goldman Sachs Group boosted their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $376.00.

CrowdStrike Stock Up 0.7 %

Shares of NASDAQ:CRWD opened at $434.63 on Wednesday. The firm has a fifty day moving average of $371.79 and a 200 day moving average of $319.16. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $437.60. 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 firm has a market capitalization of $107.05 billion, a PE ratio of 852.23, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the transaction, the director now owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,565 shares of company stock worth $50,597,609. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Institutional investors and hedge funds have recently modified their holdings of the stock. Berbice Capital Management LLC purchased a new position in CrowdStrike during the 4th quarter worth $27,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike during the 3rd quarter worth $28,000. Fortitude Family Office LLC increased its stake in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. raised its holdings in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Finally, Tsfg LLC lifted its stake in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares during the period. 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.