CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

CrowdStrike (NASDAQ:CRWD) had its price target increased by JPMorgan Chase & Co. from $418.00 to $450.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 15.49% from the stock’s current price.

A number of other brokerages also recently commented on CRWD. Piper Sandler raised their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group raised their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $400.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Susquehanna lifted their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. Finally, Royal Bank of Canada lifted their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $389.50.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $389.66 on Friday. 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 company has a market cap of $95.98 billion, a P/E ratio of 764.05, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a 50-day moving average price of $386.94 and a 200 day moving average price of $335.50.

Insider Activity

In other news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 11,217 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the transaction, the chief financial officer now owns 290,711 shares in the company, valued at $104,115,237.54. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,565 shares of company stock valued at $40,570,629 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently made changes to their positions in the business. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike during the 4th quarter valued at $27,000. FPC Investment Advisory Inc. lifted its holdings in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the 4th quarter valued at $34,000. Finally, Luken Investment Analytics LLC acquired a new position in CrowdStrike in the 4th quarter worth $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.