CrowdStrike (NASDAQ:CRWD) Price Target Raised to $400.00 at Piper Sandler

CrowdStrike (NASDAQ:CRWD) had its price objective raised by Piper Sandler from $375.00 to $400.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also recently commented on the company. Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Needham & Company LLC reissued a “buy” rating and issued a $420.00 price target on shares of CrowdStrike in a research note on Wednesday. Stifel Nicolaus dropped their price target on CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Robert W. Baird dropped their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $400.10.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $365.44 on Wednesday. The business’s 50 day simple moving average is $387.84 and its 200 day simple moving average is $338.02. CrowdStrike has a one year low of $200.81 and a one year high of $455.59. The stock has a market capitalization of $90.01 billion, a PE ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This represents a 4.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock worth $38,387,254 in the last quarter. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Siemens Fonds Invest GmbH grew its stake in shares of CrowdStrike by 37.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock worth $2,384,000 after acquiring an additional 1,893 shares during the period. Park Square Financial Group LLC bought a new position in shares of CrowdStrike during the 4th quarter worth $151,000. Total Wealth Planning & Management Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth $315,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of CrowdStrike during the 4th quarter worth $59,596,000. Finally, Brooklyn FI LLC bought a new position in shares of CrowdStrike during the 4th quarter worth $3,927,000. Institutional investors own 71.16% of the company’s stock.

About CrowdStrike

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.