CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Bank of America Analyst Says

CrowdStrike (NASDAQ:CRWD) had its price objective upped by analysts at Bank of America from $400.00 to $420.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price suggests a potential upside of 10.46% from the company’s previous close.

A number of other equities research analysts also recently commented on CRWD. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Rosenblatt Securities raised their price objective on shares of CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Oppenheimer upped their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald increased their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Truist Financial boosted their price target on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $388.70.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $380.24 on Wednesday. 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 stock has a 50 day simple moving average of $386.39 and a 200-day simple moving average of $333.85. The company has a market cap of $93.66 billion, a price-to-earnings ratio of 745.58, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total value of $2,183,375.00. Following the sale, the director now owns 809,266 shares in the company, valued at approximately $282,708,984.44. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,565 shares of company stock worth $40,570,629 over the last ninety days. 4.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRWD. Nisa Investment Advisors LLC boosted its position in CrowdStrike by 50.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 41,672 shares of the company’s stock valued at $11,688,000 after buying an additional 14,003 shares during the last quarter. Autumn Glory Partners LLC purchased a new position in CrowdStrike in the third quarter valued at about $280,000. abrdn plc grew its stake in CrowdStrike by 25.0% during the 3rd quarter. abrdn plc now owns 76,442 shares of the company’s stock valued at $21,513,000 after purchasing an additional 15,310 shares in the last quarter. Gateway Wealth Partners LLC increased its holdings in CrowdStrike by 16.1% during the 3rd quarter. Gateway Wealth Partners LLC now owns 723 shares of the company’s stock worth $203,000 after purchasing an additional 100 shares during the last quarter. Finally, Strategic Blueprint LLC raised its position in shares of CrowdStrike by 6.4% in the 3rd quarter. Strategic Blueprint LLC now owns 2,498 shares of the company’s stock valued at $701,000 after purchasing an additional 151 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.