CrowdStrike (NASDAQ:CRWD) Earns Neutral Rating from Robert W. Baird

CrowdStrike (NASDAQ:CRWD)‘s stock had its “neutral” rating reiterated by stock analysts at Robert W. Baird in a report issued on Monday, Marketbeat reports. They currently have a $430.00 price objective on the stock, up from their previous price objective of $390.00. Robert W. Baird’s target price would suggest a potential upside of 5.52% from the company’s current price.

CRWD has been the subject of several other research reports. Barclays raised their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Oppenheimer upped their price objective on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Citigroup boosted their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research note on Wednesday, November 27th. Finally, BNP Paribas began coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $370.00.

CrowdStrike Stock Performance

CrowdStrike stock opened at $407.52 on Monday. The firm has a 50 day simple moving average of $363.29 and a 200-day simple moving average of $312.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market cap of $100.38 billion, a price-to-earnings ratio of 799.07, a price-to-earnings-growth ratio of 21.13 and a beta of 1.16. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $411.30.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 11,217 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the transaction, the chief financial officer now directly owns 290,711 shares in the company, valued at $104,115,237.54. This represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 105,315 shares of company stock valued at $37,321,176 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Large investors have recently modified their holdings of the business. Cutter & CO Brokerage Inc. bought a new position in CrowdStrike during the 4th quarter worth approximately $213,000. Lake Street Advisors Group LLC boosted its stake in CrowdStrike by 82.5% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,651 shares of the company’s stock valued at $907,000 after buying an additional 1,198 shares in the last quarter. Kirtland Hills Capital Management LLC boosted its position in shares of CrowdStrike by 36.5% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 2,833 shares of the company’s stock valued at $969,000 after purchasing an additional 757 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at $206,000. Finally, Synergy Financial Group LTD lifted its holdings in shares of CrowdStrike by 4.1% during the fourth quarter. Synergy Financial Group LTD now owns 4,111 shares of the company’s stock valued at $1,407,000 after purchasing an additional 161 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.