CrowdStrike (NASDAQ:CRWD) Given New $410.00 Price Target at Jefferies Financial Group

CrowdStrike (NASDAQ:CRWD) had its price target reduced by equities research analysts at Jefferies Financial Group from $425.00 to $410.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 13.14% from the company’s current price.

CRWD has been the subject of a number of other reports. UBS Group cut their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Susquehanna upped their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Stifel Nicolaus dropped their target price on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Trading Up 2.8 %

Shares of CrowdStrike stock opened at $362.38 on Monday. The stock has a 50 day moving average of $387.98 and a 200 day moving average of $350.89. 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 firm has a market capitalization of $89.82 billion, a price-to-earnings ratio of 710.56, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Insider Transactions at CrowdStrike

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

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently modified their holdings of CRWD. FSA Wealth Management LLC grew its position in CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in shares of CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after buying an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in shares of CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares during the last quarter. Wintrust Investments LLC increased its position in CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after acquiring an additional 29 shares during the period. Finally, Synergy Financial Group LTD raised its stake in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after acquiring an additional 30 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other 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.