CrowdStrike (NASDAQ:CRWD) Given New $420.00 Price Target at Canaccord Genuity Group

CrowdStrike (NASDAQ:CRWD) had its price target increased by Canaccord Genuity Group from $370.00 to $420.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on CRWD. The Goldman Sachs Group lifted their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Jefferies Financial Group boosted their target price on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. KeyCorp raised their price objective on CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. BMO Capital Markets upped their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Oppenheimer upped their target price on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One investment 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 stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $391.75.

CrowdStrike Stock Down 1.8 %

CrowdStrike stock opened at $382.73 on Monday. The stock has a market cap of $94.27 billion, a P/E ratio of 750.47, a P/E/G ratio of 17.86 and a beta of 1.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. The company’s 50-day moving average price is $387.36 and its two-hundred day moving average price is $336.92.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 18,071 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the transaction, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,387,254 in the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in the business. FSA Wealth Management LLC lifted its holdings in shares of CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after acquiring an additional 23 shares during the last quarter. Jacobi Capital Management LLC increased its stake in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after buying an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake 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 valued at $675,000 after acquiring an additional 27 shares during the last quarter. Wintrust Investments LLC lifted its holdings in CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after buying an additional 29 shares during the period. Finally, Synergy Financial Group LTD lifted its stake in CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares during the period. 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.