Jefferies Financial Group Has Lowered Expectations for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its price target decreased by Jefferies Financial Group from $425.00 to $410.00 in a research report released on Monday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

CRWD has been the topic of a number of other reports. Truist Financial lowered their price objective on CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday. Raymond James cut shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. Mizuho lifted their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Canaccord Genuity Group increased their price target on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $450.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Stock Up 2.5 %

CRWD opened at $371.49 on Monday. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $455.59. The firm’s 50 day simple moving average is $387.85 and its two-hundred day simple moving average is $351.03. 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 company has a market capitalization of $92.08 billion, a PE ratio of 728.43, a PEG ratio of 17.86 and a beta of 1.19.

Insiders Place Their Bets

In other news, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the completion of the transaction, the director now directly owns 62,891 shares of the company’s stock, valued at $22,613,716.87. The trade was a 13.72 % 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, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 114,551 shares of company stock valued at $43,527,642. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of CRWD. Empirical Asset Management LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $11,310,000. Arcadia Investment Management Corp MI boosted its stake in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after buying an additional 2,814 shares during the last quarter. Greenleaf Trust grew its holdings in CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after buying an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC increased its stake in shares of CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after acquiring an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of CrowdStrike by 42.6% during the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after acquiring an additional 13,323 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.