CrowdStrike (NASDAQ:CRWD) Now Covered by Stephens

Stephens initiated coverage on shares of CrowdStrike (NASDAQ:CRWD) in a research report sent to investors on Tuesday morning, MarketBeat reports. The brokerage issued an overweight rating and a $450.00 price target on the stock.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. DA Davidson boosted their target price on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Bank of America lifted their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Mizuho upped their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $400.88.

CrowdStrike Stock Up 2.8 %

CRWD stock opened at $362.38 on Tuesday. 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 has a market cap of $89.82 billion, a PE ratio of 710.56, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a fifty day simple moving average of $387.98 and a 200 day simple moving average of $350.89.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 13,543 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the completion of the transaction, the president now directly owns 405,308 shares of the company’s stock, valued at $145,351,554.96. The trade was a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,801 shares of company stock valued at $42,092,255. 4.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Modus Advisors LLC increased its position in CrowdStrike by 12.6% in the first quarter. Modus Advisors LLC now owns 6,493 shares of the company’s stock worth $2,289,000 after purchasing an additional 727 shares during the period. Neville Rodie & Shaw Inc. boosted its stake in shares of CrowdStrike by 16.5% in the 1st quarter. Neville Rodie & Shaw Inc. now owns 6,618 shares of the company’s stock valued at $2,333,000 after purchasing an additional 935 shares during the last quarter. Fire Capital Management LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $488,000. Mascagni Wealth Management Inc. bought a new stake in shares of CrowdStrike during the fourth quarter worth approximately $159,000. Finally, 111 Capital bought a new stake in shares of CrowdStrike during the fourth quarter worth approximately $764,000. Institutional investors and hedge funds 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.