Citigroup Boosts CrowdStrike (NASDAQ:CRWD) Price Target to $420.00

CrowdStrike (NASDAQ:CRWD) had its price objective boosted by equities researchers at Citigroup from $400.00 to $420.00 in a report issued on Friday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 17.65% from the stock’s current price.

Several other research firms also recently weighed in on CRWD. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. Wells Fargo & Company raised their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald upped their price target on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, BNP Paribas started coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $366.38.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $357.00 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $87.93 billion, a PE ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. The company has a 50-day simple moving average of $355.86 and a 200-day simple moving average of $312.92. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $398.33.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was 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 $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the transaction, the insider now owns 98,214 shares of the company’s stock, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock worth $38,935,113 over the last 90 days. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently bought and sold shares of the stock. Synergy Financial Group LTD raised its position in shares of CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after buying an additional 30 shares in the last quarter. Meridian Financial Partners LLC raised its holdings in CrowdStrike by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock worth $1,914,000 after purchasing an additional 33 shares in the last quarter. Sunpointe LLC lifted its position in CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after purchasing an additional 34 shares during the period. Hilltop Holdings Inc. boosted its stake in CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after purchasing an additional 34 shares in the last quarter. Finally, Interchange Capital Partners LLC increased its position in shares of CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after purchasing an additional 39 shares during the period. 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.