CrowdStrike (NASDAQ:CRWD) Price Target Raised to $506.00 at Barclays

CrowdStrike (NASDAQ:CRWD) had its target price lifted by stock analysts at Barclays from $372.00 to $506.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 24.44% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research report on Wednesday, November 27th. CICC Research initiated coverage on CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 price target on the stock. Bank of America lifted their price target on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Jefferies Financial Group lifted their target price on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $383.08.

CrowdStrike Stock Down 6.8 %

Shares of CRWD stock opened at $406.61 on Friday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59. The stock has a market cap of $100.15 billion, a PE ratio of 797.30, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The business’s fifty day moving average is $384.76 and its 200-day moving average is $330.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insiders Place Their Bets

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,565 shares of company stock valued at $51,038,529 over the last quarter. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently made changes to their positions in the business. Putney Financial Group LLC bought a new position in shares of CrowdStrike in the fourth quarter worth about $1,009,000. Vermillion Wealth Management Inc. bought a new position in shares of CrowdStrike in the fourth quarter worth about $60,000. Mackenzie Financial Corp increased its stake in shares of CrowdStrike by 46.2% in the fourth quarter. Mackenzie Financial Corp now owns 60,226 shares of the company’s stock worth $20,607,000 after purchasing an additional 19,041 shares during the period. Jupiter Wealth Management LLC bought a new position in shares of CrowdStrike in the fourth quarter worth about $120,000. Finally, Warm Springs Advisors Inc. bought a new position in shares of CrowdStrike in the fourth quarter worth about $1,879,000. 71.16% of the stock is currently 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.