CrowdStrike (NASDAQ:CRWD) PT Raised to $155.00

CrowdStrike (NASDAQ:CRWD – Get Rating) had its price objective increased by equities research analysts at Citigroup from $145.00 to $155.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 27.38% from the company’s current price.

A number of other analysts have also recently commented on the company. Piper Sandler lowered their price target on CrowdStrike from $175.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, January 5th. Evercore ISI reduced their price target on CrowdStrike from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Wednesday. MKM Partners cut their price objective on CrowdStrike from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. BTIG Research dropped their price target on CrowdStrike from $234.00 to $148.00 and set a “buy” rating for the company in a research report on Wednesday, November 30th. Finally, Deutsche Bank Aktiengesellschaft cut CrowdStrike from a “buy” rating to a “hold” rating and decreased their price objective for the company from $150.00 to $115.00 in a report on Monday, January 23rd. Five analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $174.50.

CrowdStrike Price Performance

Shares of CRWD stock opened at $121.68 on Wednesday. CrowdStrike has a 52-week low of $92.25 and a 52-week high of $242.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market capitalization of $28.52 billion, a P/E ratio of -154.03 and a beta of 1.02. The stock has a 50 day moving average price of $110.06 and a 200 day moving average price of $136.17.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,165 shares of the stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total value of $126,868.50. Following the transaction, the chief accounting officer now directly owns 33,301 shares in the company, valued at approximately $3,626,478.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other CrowdStrike news, Director Denis Oleary sold 39,448 shares of CrowdStrike stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $109.00, for a total transaction of $4,299,832.00. Following the completion of the transaction, the director now owns 3,887 shares of the company’s stock, valued at approximately $423,683. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,165 shares of CrowdStrike stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $108.90, for a total value of $126,868.50. Following the sale, the chief accounting officer now owns 33,301 shares of the company’s stock, valued at approximately $3,626,478.90. The disclosure for this sale can be found here. Insiders sold a total of 109,252 shares of company stock valued at $11,807,218 in the last quarter. 6.82% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently made changes to their positions in the business. Coppell Advisory Solutions Corp. bought a new position in shares of CrowdStrike during the fourth quarter valued at $25,000. Mach 1 Financial Group LLC purchased a new stake in shares of CrowdStrike during the third quarter worth about $27,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in CrowdStrike during the 3rd quarter valued at approximately $32,000. Freedom Wealth Alliance LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $32,000. Finally, Pin Oak Investment Advisors Inc. lifted its stake in shares of CrowdStrike by 100.0% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 200 shares of the company’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. 65.05% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Company Profile

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CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.