CrowdStrike’s (CRWD) “Outperform” Rating Reiterated at Raymond James

CrowdStrike (NASDAQ:CRWD)‘s stock had its “outperform” rating reaffirmed by Raymond James in a research note issued on Wednesday,Benzinga reports. They currently have a $390.00 target price on the stock, up from their previous target price of $360.00. Raymond James’ price objective indicates a potential upside of 10.07% from the stock’s previous close.

CRWD has been the topic of a number of other reports. Barclays cut their price objective on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Needham & Company LLC reissued a “buy” rating and issued a $420.00 target price on shares of CrowdStrike in a research note on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $450.00 price target on shares of CrowdStrike in a research report on Wednesday. One 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 assigned a strong buy rating to the company. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $401.35.

CrowdStrike Trading Down 9.2 %

Shares of CRWD stock traded down $35.86 on Wednesday, reaching $354.31. 8,785,952 shares of the stock were exchanged, compared to its average volume of 3,607,248. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $455.59. The stock has a market cap of $87.27 billion, a P/E ratio of 695.07, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. 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 firm has a 50 day moving average of $387.85 and a two-hundred day moving average of $337.82.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 18,071 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were 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 in the company, valued at $776,928,619.50. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,315 shares of company stock worth $38,387,254. 4.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in CRWD. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. increased its holdings in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike during the fourth quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the fourth quarter worth about $34,000. Institutional investors 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.