CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $450.00 at Truist Financial

CrowdStrike (NASDAQ:CRWD) had its price target cut by analysts at Truist Financial from $460.00 to $450.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 26.01% from the company’s previous close.

Several other analysts also recently issued reports on the company. Citigroup restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Raymond James downgraded shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. BTIG Research upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price objective for the company in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company increased their target price on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

CrowdStrike Trading Down 2.6 %

Shares of NASDAQ:CRWD opened at $357.11 on Monday. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59. The business has a 50 day moving average of $388.15 and a 200-day moving average of $349.49. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $88.52 billion, a PE ratio of 700.23, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 2,547 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $365.96, for a total value of $932,100.12. Following the transaction, the insider now owns 82,071 shares of the company’s stock, valued at $30,034,703.16. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,801 shares of company stock worth $42,092,255 in the last quarter. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

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.