CrowdStrike’s (CRWD) Buy Rating Reaffirmed at Rosenblatt Securities

CrowdStrike (NASDAQ:CRWD)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research note issued on Wednesday,Benzinga reports. They currently have a $450.00 price objective on the stock. Rosenblatt Securities’ price objective indicates a potential upside of 15.34% from the company’s previous close.

A number of other equities research analysts have also commented on CRWD. CICC Research began coverage on CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target for the company. Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Finally, Mizuho lifted their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $391.13.

CrowdStrike Price Performance

CRWD stock opened at $390.16 on Wednesday. The company has a market capitalization of $96.10 billion, a P/E ratio of 765.03, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $455.59. The business has a 50-day simple moving average of $387.85 and a two-hundred day simple moving average of $337.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the transaction, the director now owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock worth $38,387,254 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the stock. Berbice Capital Management LLC bought a new position in shares of CrowdStrike in the 4th quarter worth $27,000. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares in the last quarter. FPC Investment Advisory Inc. increased its stake in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Luken Investment Analytics LLC purchased a new stake in CrowdStrike during the fourth quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter worth about $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.