CrowdStrike’s (CRWD) Neutral Rating Reaffirmed at Robert W. Baird

CrowdStrike (NASDAQ:CRWD)‘s stock had its “neutral” rating reissued by equities researchers at Robert W. Baird in a report issued on Monday,Benzinga reports. They presently have a $430.00 target price on the stock, up from their previous target price of $390.00. Robert W. Baird’s price objective indicates a potential upside of 8.02% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Rosenblatt Securities lifted their price objective on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Wedbush set a $330.00 target price on CrowdStrike in a report on Thursday, October 17th. BNP Paribas began coverage on CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price for the company. Wells Fargo & Company lifted their target price on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada lifted their target price on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $370.00.

CrowdStrike Trading Up 0.3 %

Shares of NASDAQ CRWD opened at $398.07 on Monday. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $411.30. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $362.61 and a 200-day simple moving average of $312.29. The stock has a market capitalization of $98.05 billion, a PE ratio of 780.54, a PEG ratio of 21.13 and a beta of 1.16.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock worth $38,935,113 in the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Emerald Advisors LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth $240,000. TBH Global Asset Management LLC lifted its stake in shares of CrowdStrike by 5.0% during the 4th quarter. TBH Global Asset Management LLC now owns 1,407 shares of the company’s stock worth $481,000 after purchasing an additional 67 shares during the period. Private Advisor Group LLC lifted its stake in shares of CrowdStrike by 2.9% during the 4th quarter. Private Advisor Group LLC now owns 50,719 shares of the company’s stock worth $17,354,000 after purchasing an additional 1,423 shares during the period. Global Retirement Partners LLC lifted its stake in shares of CrowdStrike by 26.7% during the 4th quarter. Global Retirement Partners LLC now owns 9,492 shares of the company’s stock worth $3,248,000 after purchasing an additional 1,999 shares during the period. Finally, Atlas Legacy Advisors LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth $211,000. Hedge funds and other 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.