Brokerages Set CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Target Price at $369.00

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have been assigned a consensus recommendation of “Moderate Buy” from the forty-three brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $369.00.

Several analysts recently weighed in on the company. Evercore ISI lifted their price target on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. KeyCorp raised their price objective on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Susquehanna raised their price objective on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. The trade was a 0.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the 2nd quarter valued at about $25,000. Berbice Capital Management LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC raised its stake in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in CrowdStrike during the 2nd quarter worth approximately $38,000. Finally, Oakworth Capital Inc. acquired a new position in CrowdStrike during the 3rd quarter worth approximately $28,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $408.68 on Wednesday. The stock has a market cap of $100.66 billion, a P/E ratio of 801.35, a PEG ratio of 20.07 and a beta of 1.14. The stock has a 50 day simple moving average of $359.26 and a 200 day simple moving average of $311.39. 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 1-year low of $200.81 and a 1-year high of $411.30.

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.