Piper Sandler Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its price objective upped by Piper Sandler from $375.00 to $400.00 in a research report report published on Wednesday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other research firms have also recently commented on CRWD. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research report on Wednesday. Barclays reduced their price objective on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday. Cantor Fitzgerald lifted their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Wells Fargo & Company lifted their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Mizuho lifted their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have issued 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $400.10.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $365.44 on Wednesday. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $455.59. 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 firm has a fifty day simple moving average of $387.84 and a 200 day simple moving average of $338.02. The stock has a market capitalization of $90.01 billion, a PE ratio of 716.56, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now owns 780,592 shares in the company, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock worth $38,387,254 over the last 90 days. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently made changes to their positions in CRWD. Harbor Capital Advisors Inc. grew its holdings in shares of CrowdStrike by 61.1% during the third quarter. Harbor Capital Advisors Inc. now owns 3,521 shares of the company’s stock worth $988,000 after purchasing an additional 1,335 shares during the last quarter. National Pension Service grew its holdings in shares of CrowdStrike by 19.3% during the third quarter. National Pension Service now owns 316,512 shares of the company’s stock worth $88,772,000 after purchasing an additional 51,134 shares during the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of CrowdStrike by 6.4% during the third quarter. Moloney Securities Asset Management LLC now owns 983 shares of the company’s stock worth $276,000 after purchasing an additional 59 shares during the last quarter. ASB Consultores LLC grew its holdings in shares of CrowdStrike by 68.4% during the third quarter. ASB Consultores LLC now owns 886 shares of the company’s stock worth $248,000 after purchasing an additional 360 shares during the last quarter. Finally, Beacon Financial Advisory LLC bought a new stake in shares of CrowdStrike during the third quarter worth about $955,000. 71.16% of the stock is currently owned by institutional investors.

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.