CrowdStrike (NASDAQ:CRWD) Given New $515.00 Price Target at Rosenblatt Securities

CrowdStrike (NASDAQ:CRWD) had its price target hoisted by Rosenblatt Securities from $450.00 to $515.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. Rosenblatt Securities currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Cantor Fitzgerald increased their target price on CrowdStrike from $440.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday. Susquehanna increased their price target on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday, March 5th. JMP Securities increased their price target on CrowdStrike from $400.00 to $500.00 and gave the stock a “market outperform” rating in a research report on Monday, May 5th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, Wedbush increased their price target on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $412.52.

CrowdStrike Trading Up 1.7%

NASDAQ:CRWD opened at $479.17 on Monday. 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 business’s 50 day moving average is $406.34 and its two-hundred day moving average is $385.17. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $479.97. The company has a market cap of $118.77 billion, a PE ratio of 939.57, a P/E/G ratio of 17.86 and a beta of 1.22.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 55,556 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares of the company’s stock, valued at $981,280,679.40. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 195,431 shares of company stock valued at $79,162,548 in the last three months. 3.32% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the business. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike in the first quarter worth $25,000. Vision Financial Markets LLC acquired a new stake in shares of CrowdStrike in the first quarter worth $26,000. Atlantic Edge Private Wealth Management LLC boosted its position in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after buying an additional 58 shares during the period. Finally, FPC Investment Advisory Inc. boosted its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.