CrowdStrike (NASDAQ:CRWD) Given New $370.00 Price Target at Scotiabank

CrowdStrike (NASDAQ:CRWD) had its target price hoisted by Scotiabank from $300.00 to $370.00 in a report issued on Tuesday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

Other analysts have also issued research reports about the stock. Robert W. Baird upped their target price on shares of CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Rosenblatt Securities upped their price target on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Truist Financial lifted their price objective on CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group upped their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Finally, JMP Securities reiterated a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $369.00.

CrowdStrike Trading Up 2.6 %

Shares of CRWD opened at $366.41 on Tuesday. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $398.33. The stock has a market cap of $90.25 billion, a PE ratio of 718.47, a P/E/G ratio of 18.99 and a beta of 1.14. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $356.16 and its 200-day moving average price is $311.67.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now owns 816,730 shares in the company, valued at $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,351 shares of company stock valued at $38,935,113. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Jennison Associates LLC boosted its stake in CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after purchasing an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after buying an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. increased its position in CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after buying an additional 371,695 shares in the last quarter. Finally, State Street Corp raised its stake in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the last quarter. 71.16% of the stock is currently 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.