CrowdStrike (NASDAQ:CRWD) Given New $500.00 Price Target at JMP Securities

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its target price lifted by analysts at JMP Securities from $400.00 to $500.00 in a report released on Monday, MarketBeat Ratings reports. The brokerage presently has a "market outperform" rating on the stock. JMP Securities' target price suggests a potential upside of 12.81% from the stock's current price.

CRWD has been the subject of several other reports. Roth Capital initiated coverage on CrowdStrike in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $410.00 price target for the company. Needham & Company LLC reissued a "buy" rating and set a $420.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Citigroup reiterated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $403.20.

CrowdStrike Trading Down 0.1 %

CrowdStrike stock traded down $0.26 during mid-day trading on Monday, hitting $443.21. The company's stock had a trading volume of 3,420,768 shares, compared to its average volume of 5,062,036. The stock has a market cap of $109.86 billion, a PE ratio of 869.06, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike has a one year low of $200.81 and a one year high of $455.59. The company has a 50 day moving average of $374.02 and a 200-day moving average of $367.80.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 22,449 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the sale, the chief executive officer now owns 2,178,452 shares in the company, valued at $781,367,163.36. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,125 shares of company stock worth $53,208,049. Corporate insiders own 4.34% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its position in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after buying an additional 44 shares in the last quarter. 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.