Rosenblatt Securities Reaffirms “Buy” Rating for CrowdStrike (NASDAQ:CRWD)

CrowdStrike (NASDAQ:CRWD)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a report released on Wednesday,Benzinga reports. They presently have a $450.00 price target on the stock. Rosenblatt Securities’ price target indicates a potential upside of 29.41% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on CRWD. Canaccord Genuity Group lifted their price objective on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research note on Wednesday, November 27th. JPMorgan Chase & Co. raised their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Bank of America raised 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $400.10.

CrowdStrike Stock Down 4.8 %

Shares of NASDAQ CRWD opened at $347.73 on Wednesday. The company has a market capitalization of $85.65 billion, a P/E ratio of 681.84, a P/E/G ratio of 17.86 and a beta of 1.19. 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 company has a 50 day simple moving average of $387.50 and a 200-day simple moving average of $338.08. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the transaction, the president now owns 389,589 shares in the company, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock worth $38,387,254 in the last 90 days. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds have recently made changes to their positions in the company. Siemens Fonds Invest GmbH lifted its position in CrowdStrike by 37.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock valued at $2,384,000 after purchasing an additional 1,893 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $151,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $315,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $59,596,000. Finally, Brooklyn FI LLC purchased a new position in CrowdStrike in the fourth quarter worth $3,927,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.