Truist Financial Issues Pessimistic Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its price objective trimmed by Truist Financial from $460.00 to $450.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently issued reports on CRWD. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Evercore ISI upped their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $440.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Wells Fargo & Company boosted their target price on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Finally, Raymond James downgraded CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $399.62.

CrowdStrike Trading Down 1.3 %

Shares of CRWD opened at $352.58 on Monday. The stock has a market capitalization of $87.40 billion, a PE ratio of 691.35, a P/E/G ratio of 17.86 and a beta of 1.19. The company’s fifty day moving average is $388.06 and its 200 day moving average is $350.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the sale, the insider now owns 98,214 shares of the company’s stock, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 22,449 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.68, for a total value of $8,052,007.32. Following the transaction, the chief executive officer now directly owns 2,178,452 shares in the company, valued at $781,367,163.36. This represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,801 shares of company stock worth $42,092,255. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Fire Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $488,000. Mascagni Wealth Management Inc. acquired a new stake in CrowdStrike during the 4th quarter worth about $159,000. 111 Capital purchased a new stake in CrowdStrike during the 4th quarter valued at about $764,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of CrowdStrike in the fourth quarter valued at about $27,016,000. Finally, Centaurus Financial Inc. raised its stake in shares of CrowdStrike by 62.0% in the fourth quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock worth $1,079,000 after purchasing an additional 1,207 shares during the last quarter. Institutional investors and hedge funds 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.