Rosenblatt Securities Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its price target upped by research analysts at Rosenblatt Securities from $385.00 to $450.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 14.05% from the stock’s current price.

A number of other analysts also recently commented on CRWD. Truist Financial boosted their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Baird R W cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Jefferies Financial Group lifted their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Citigroup reissued a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, Morgan Stanley lifted their target price on shares of CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $388.70.

CrowdStrike Stock Up 3.9 %

CRWD stock opened at $394.56 on Thursday. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a market capitalization of $97.18 billion, a price-to-earnings ratio of 773.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The firm’s 50-day moving average is $385.81 and its two-hundred day moving average is $333.53. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FSA Wealth Management LLC lifted its position in CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after buying an additional 23 shares in the last quarter. Jacobi Capital Management LLC lifted its position in CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after buying an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares in the last quarter. Wintrust Investments LLC lifted its position in CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after buying an additional 29 shares in the last quarter. Finally, Synergy Financial Group LTD lifted its position in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after buying an additional 30 shares in the last quarter. 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.