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

CrowdStrike (NASDAQ:CRWD) had its target price raised by analysts at Truist Financial from $385.00 to $460.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 1.37% from the stock’s current price.

A number of other analysts have also recently commented on the stock. Rosenblatt Securities upped their target price on shares of CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a report on Monday, November 25th. Royal Bank of Canada upped their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Cantor Fitzgerald increased their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Citigroup increased their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Morgan Stanley increased their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $376.00.

CrowdStrike Stock Up 4.4 %

Shares of CRWD stock opened at $453.77 on Wednesday. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $454.13. The stock has a market cap of $111.77 billion, a P/E ratio of 889.76, a P/E/G ratio of 17.22 and a beta of 1.16. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $373.20 and a two-hundred day simple moving average of $319.97.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the sale, the director now directly owns 780,592 shares in the company, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $1,419,640.00. Following the transaction, the insider now directly owns 98,214 shares in the company, 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 132,565 shares of company stock worth $49,235,849 over the last ninety days. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in CRWD. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth about $27,000. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Fortitude Family Office LLC grew its holdings in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the 4th quarter worth about $34,000. Finally, Oakworth Capital Inc. bought a new stake in CrowdStrike during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.