Stifel Nicolaus Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD) had its target price upped by Stifel Nicolaus from $375.00 to $400.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently issued reports on CRWD. Susquehanna raised their target price on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. TD Cowen reduced their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Sanford C. Bernstein dropped their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. KeyCorp boosted their price objective on shares of CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Cantor Fitzgerald lifted their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $361.25.

CrowdStrike Trading Up 3.2 %

NASDAQ:CRWD opened at $362.29 on Wednesday. The firm has a market capitalization of $89.24 billion, a P/E ratio of 710.39, a P/E/G ratio of 19.48 and a beta of 1.11. 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 fifty day moving average of $336.89 and a 200 day moving average of $315.52. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $398.33.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 144,498 shares of company stock worth $45,599,730. 4.34% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of the stock. Jennison Associates LLC lifted its stake in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after purchasing an additional 920,695 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after buying an additional 564,662 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in CrowdStrike by 248.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after acquiring an additional 371,695 shares during the last quarter. 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.