Royal Bank of Canada Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its price target boosted by Royal Bank of Canada from $365.00 to $420.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

CRWD has been the topic of several other research reports. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research report on Wednesday, November 27th. Citigroup upped their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Jefferies Financial Group raised their price target on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Robert W. Baird upped their price objective on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.63.

CrowdStrike Stock Up 3.4 %

CrowdStrike stock opened at $359.02 on Friday. 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 50 day moving average price of $345.55 and a 200 day moving average price of $315.11. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The company has a market capitalization of $88.43 billion, a PE ratio of 703.97, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 10,801 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the transaction, the president now directly owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 116,601 shares of company stock valued at $40,755,368 over the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of institutional investors have recently bought and sold shares of CRWD. Everence Capital Management Inc. raised its stake in shares of CrowdStrike by 214.9% during the 4th quarter. Everence Capital Management Inc. now owns 5,920 shares of the company’s stock worth $2,026,000 after buying an additional 4,040 shares during the last quarter. Modus Advisors LLC raised its position in CrowdStrike by 14.8% during the fourth quarter. Modus Advisors LLC now owns 5,766 shares of the company’s stock worth $1,973,000 after acquiring an additional 743 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of CrowdStrike by 83.4% in the fourth quarter. GAMMA Investing LLC now owns 2,146 shares of the company’s stock valued at $734,000 after purchasing an additional 976 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of CrowdStrike by 19.1% in the fourth quarter. Versant Capital Management Inc now owns 711 shares of the company’s stock valued at $243,000 after purchasing an additional 114 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC acquired a new stake in shares of CrowdStrike in the third quarter valued at approximately $446,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.