CrowdStrike (NASDAQ:CRWD) Given New $418.00 Price Target at JPMorgan Chase & Co.

CrowdStrike (NASDAQ:CRWD) had its price target boosted by JPMorgan Chase & Co. from $372.00 to $418.00 in a research note published on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the stock. DA Davidson reaffirmed a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a report on Wednesday, November 27th. Evercore ISI raised their price objective on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Finally, Truist Financial lifted their price objective on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $358.00.

CrowdStrike Trading Up 5.5 %

CrowdStrike stock opened at $388.20 on Monday. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a market cap of $95.62 billion, a P/E ratio of 761.18, a P/E/G ratio of 19.48 and a beta of 1.11. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $332.64 and a two-hundred day simple moving average of $314.21.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,498 shares of company stock worth $45,599,730 over the last three months. 4.34% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of CRWD. Beacon Financial Advisory LLC purchased a new position in CrowdStrike in the 3rd quarter worth about $955,000. Sumitomo Mitsui Trust Group Inc. grew its stake in CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after acquiring an additional 78,305 shares in the last quarter. Doliver Advisors LP increased its position in shares of CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after acquiring an additional 4,664 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after acquiring an additional 2,863 shares in the last quarter. Finally, Hemenway Trust Co LLC boosted its holdings in shares of CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after purchasing an additional 5,352 shares during the period. 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.