CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Truist Financial Analyst Says

CrowdStrike (NASDAQ:CRWD) had its price target lifted by equities research analysts at Truist Financial from $375.00 to $385.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 7.33% from the company’s current price.

Other analysts have also issued research reports about the company. Susquehanna upped their target price on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Jefferies Financial Group lifted their target price on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. BNP Paribas assumed coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target for the company. Finally, Cantor Fitzgerald lifted their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have assigned 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $365.88.

CrowdStrike Trading Down 0.3 %

NASDAQ CRWD opened at $358.72 on Tuesday. CrowdStrike has a one year low of $200.81 and a one year 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 company has a market capitalization of $88.36 billion, a price-to-earnings ratio of 703.39, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14. The company’s 50-day simple moving average is $350.02 and its two-hundred day simple moving average is $313.90.

Insider Buying and Selling

In related news, President Michael Sentonas sold 10,801 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the sale, the president now owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. The trade was a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the transaction, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,601 shares of company stock valued at $40,755,368. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

Institutional investors and hedge funds have recently modified their holdings of the stock. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike in the third quarter worth approximately $28,000. Tsfg LLC increased its position in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. Castleview Partners LLC acquired a new position in CrowdStrike in the 3rd quarter valued at $32,000. Finally, Itau Unibanco Holding S.A. purchased a new position in CrowdStrike in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors 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.