CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

CrowdStrike (NASDAQ:CRWD) had its price target upped by research analysts at Canaccord Genuity Group from $370.00 to $420.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 7.65% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Robert W. Baird restated a “neutral” rating and issued a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Monday, February 3rd. Susquehanna lifted their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Needham & Company LLC increased their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. BMO Capital Markets raised their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, JMP Securities reissued a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $391.75.

CrowdStrike Trading Up 1.9 %

Shares of NASDAQ:CRWD opened at $390.16 on Monday. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. 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 company has a market cap of $96.10 billion, a PE ratio of 765.03, a P/E/G ratio of 17.86 and a beta of 1.16. The company’s 50-day moving average price is $387.85 and its 200 day moving average price is $337.82.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. State Street Corp grew its holdings in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the last quarter. Jennison Associates LLC increased its position in shares of CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after acquiring an additional 352,180 shares in the last quarter. Geode Capital Management LLC raised its holdings in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after acquiring an additional 124,984 shares during the last quarter. Finally, Norges Bank bought a new position in CrowdStrike in the 4th quarter valued at approximately $1,111,542,000. 71.16% of the stock is currently owned by institutional investors.

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.