CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Mizuho Analyst Says

CrowdStrike (NASDAQ:CRWD) had its price objective hoisted by equities research analysts at Mizuho from $385.00 to $450.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential downside of 0.83% from the company’s current price.

Other research analysts have also issued reports about the company. Piper Sandler increased their price objective on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Scotiabank raised their price target on CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Truist Financial raised their price target on CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Wedbush set a $330.00 price target on CrowdStrike in a research report on Thursday, October 17th. Finally, Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $376.00.

CrowdStrike Trading Up 4.4 %

Shares of CrowdStrike stock opened at $453.77 on Wednesday. The firm has a market capitalization of $111.77 billion, a price-to-earnings ratio of 889.76, a PEG ratio of 17.22 and a beta of 1.16. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $454.13. 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 50 day moving average of $373.20 and a 200 day moving average of $319.97.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the transaction, the president now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares in the company, valued at approximately $42,629,875.72. The trade was a 3.74 % 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 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently made changes to their positions in the company. Jacobi Capital Management LLC grew its holdings in shares of CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after purchasing an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares during the last quarter. Wintrust Investments LLC grew its holdings in shares of CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after buying an additional 29 shares during the last quarter. Synergy Financial Group LTD grew its holdings in shares of CrowdStrike by 0.8% during the third 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 during the last quarter. Finally, Greenwich Wealth Management LLC grew its holdings in shares of CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after buying an additional 30 shares during the last quarter. 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.