CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $410.00 at Jefferies Financial Group

CrowdStrike (NASDAQ:CRWD) had its target price cut by Jefferies Financial Group from $425.00 to $410.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on CRWD. Needham & Company LLC reiterated a “buy” rating and set a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Robert W. Baird lowered their price target on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Morgan Stanley set a $429.00 target price on CrowdStrike in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $399.62.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $352.58 on Monday. The stock has a market capitalization of $87.40 billion, a P/E ratio of 691.35, a PEG ratio of 17.86 and a beta of 1.19. 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 business’s fifty day moving average price is $388.06 and its 200 day moving average price is $350.16. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59.

Insider Activity at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now directly owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 2,547 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $365.96, for a total transaction of $932,100.12. Following the transaction, the insider now owns 82,071 shares in the company, valued at $30,034,703.16. This represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,801 shares of company stock worth $42,092,255 in the last three months. 4.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fire Capital Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth $488,000. Mascagni Wealth Management Inc. acquired a new position in CrowdStrike during the fourth quarter worth about $159,000. 111 Capital bought a new stake in CrowdStrike in the fourth quarter worth about $764,000. Lansforsakringar Fondforvaltning AB publ acquired a new stake in CrowdStrike in the 4th quarter valued at about $27,016,000. Finally, Centaurus Financial Inc. boosted its position in shares of CrowdStrike by 62.0% during the 4th quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock valued at $1,079,000 after purchasing an additional 1,207 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

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.