CrowdStrike (NASDAQ:CRWD) Given New $450.00 Price Target at Truist Financial

CrowdStrike (NASDAQ:CRWD) had its price objective cut by Truist Financial from $460.00 to $450.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on the company. Bank of America upped their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. DA Davidson raised their price objective on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Barclays reduced their target price on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Finally, Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $399.62.

CrowdStrike Trading Down 1.3 %

Shares of CRWD opened at $352.58 on Monday. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $455.59. 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 firm’s 50-day moving average price is $388.06 and its 200-day moving average price is $350.16. The firm has a market capitalization of $87.40 billion, a price-to-earnings ratio of 691.35, a PEG ratio of 17.86 and a beta of 1.19.

Insider Transactions at CrowdStrike

In other news, President Michael Sentonas sold 13,543 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the sale, the president now directly owns 405,308 shares in the company, valued at $145,351,554.96. This trade represents a 3.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the transaction, the director now owns 811,842 shares in the company, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,801 shares of company stock valued at $42,092,255 over the last quarter. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fire Capital Management LLC purchased a new stake in CrowdStrike during the 4th quarter valued at approximately $488,000. Mascagni Wealth Management Inc. bought a new position in shares of CrowdStrike during the fourth quarter worth $159,000. 111 Capital purchased a new position in CrowdStrike during the fourth quarter valued at $764,000. Lansforsakringar Fondforvaltning AB publ bought a new stake in CrowdStrike in the 4th quarter valued at $27,016,000. Finally, Centaurus Financial Inc. lifted its stake in CrowdStrike by 62.0% in the 4th quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock worth $1,079,000 after purchasing an additional 1,207 shares in the last quarter. 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.