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

CrowdStrike (NASDAQ:CRWD) had its target price raised by Mizuho from $385.00 to $450.00 in a report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently weighed in on CRWD. Wedbush set a $330.00 price objective on shares of CrowdStrike in a report on Thursday, October 17th. JMP Securities restated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Needham & Company LLC lifted their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Hsbc Global Res downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $376.00.

CrowdStrike Trading Down 0.4 %

Shares of CRWD stock opened at $451.74 on Wednesday. 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 stock has a market capitalization of $111.27 billion, a P/E ratio of 885.78, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The company has a 50 day moving average price of $374.98 and a 200 day moving average price of $320.90. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $454.13.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction 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 approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the sale, the insider now directly owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,565 shares of company stock worth $49,235,849 in the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several large investors have recently bought and sold shares of CRWD. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth approximately $27,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike during the third quarter worth approximately $28,000. Fortitude Family Office LLC grew its position in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares in the last quarter. FPC Investment Advisory Inc. grew its position in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Finally, Tsfg LLC grew its position in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds 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.