CrowdStrike (NASDAQ:CRWD) Price Target Raised to $385.00 at Truist Financial

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by Truist Financial from $375.00 to $385.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

CRWD has been the subject of a number of other research reports. Robert W. Baird increased their target price on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Citigroup increased their price objective on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company boosted their target price on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Finally, Oppenheimer boosted their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $365.88.

CrowdStrike Stock Performance

Shares of CRWD opened at $359.93 on Tuesday. The firm has a market cap of $88.65 billion, a P/E ratio of 705.76, a PEG ratio of 19.48 and a beta of 1.14. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm’s 50 day moving average price is $349.00 and its two-hundred day moving average price is $313.59.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the transaction, the director now owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the sale, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,601 shares of company stock worth $40,755,368. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently made changes to their positions in the stock. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike in the second quarter valued at approximately $25,000. Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike in the 2nd quarter valued at $33,000. Fairfield Financial Advisors LTD acquired a new stake in shares of CrowdStrike during the 2nd quarter valued at $38,000. Strategic Investment Solutions Inc. IL bought a new stake in CrowdStrike during the 2nd quarter worth $38,000. Finally, Oakworth Capital Inc. acquired a new position in CrowdStrike in the 3rd quarter worth about $28,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.