CrowdStrike (NASDAQ:CRWD) Price Target Cut to $475.00 by Analysts at Barclays

CrowdStrike (NASDAQ:CRWD) had its price target reduced by investment analysts at Barclays from $506.00 to $475.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 35.08% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $420.00 price target on shares of CrowdStrike in a report on Wednesday. Royal Bank of Canada increased 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. UBS Group boosted their price objective on shares of CrowdStrike from $396.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Bank of America increased their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Stifel Nicolaus boosted their price target on shares of CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $390.98.

CrowdStrike Stock Down 9.9 %

Shares of NASDAQ CRWD opened at $351.65 on Wednesday. The business has a 50-day moving average of $387.85 and a 200-day moving average of $337.82. The firm has a market capitalization of $86.62 billion, a price-to-earnings ratio of 691.88, a PEG ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,315 shares of company stock valued at $38,387,254. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in CRWD. Empirical Asset Management LLC bought a new position in CrowdStrike during the 4th quarter valued at about $11,310,000. Beacon Financial Advisory LLC purchased a new stake in CrowdStrike in the third quarter worth about $955,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after acquiring an additional 78,305 shares in the last quarter. Hemenway Trust Co LLC increased its position in CrowdStrike by 356.8% during the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after purchasing an additional 5,352 shares during the period. Finally, Arcadia Investment Management Corp MI increased its position in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after purchasing an additional 2,814 shares during the period. 71.16% of the stock is owned by 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.