CrowdStrike (NASDAQ:CRWD) PT Set at $480.00 by Stifel Nicolaus

CrowdStrike (NASDAQ:CRWD - Get Free Report) has been given a $480.00 price objective by stock analysts at Stifel Nicolaus in a report released on Thursday, MarketBeat.com reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 8.09% from the company's current price.

A number of other equities analysts have also issued reports on the company. BTIG Research raised CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price objective for the company in a report on Tuesday, March 25th. Rosenblatt Securities reissued a "buy" rating and issued a $450.00 price objective on shares of CrowdStrike in a report on Thursday, May 8th. Roth Capital initiated coverage on CrowdStrike in a research note on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price target for the company. Wells Fargo & Company increased their price target on CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Finally, Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $403.83.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $444.07 on Thursday. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59. The firm has a market capitalization of $110.07 billion, a price-to-earnings ratio of 870.74, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The business has a 50 day simple moving average of $393.19 and a 200 day simple moving average of $378.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Activity

In other news, CFO Burt W. Podbere sold 16,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the sale, the chief financial officer now owns 249,653 shares in the company, valued at $109,068,402.64. This represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares of the company's stock, valued at $31,669,042. The trade was a 4.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,431 shares of company stock worth $74,472,548 over the last quarter. Corporate insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

A number of hedge funds have recently modified their holdings of the business. MBL Wealth LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at $388,000. McAdam LLC purchased a new stake in shares of CrowdStrike during the first quarter worth $204,000. Geneos Wealth Management Inc. raised its holdings in shares of CrowdStrike by 33.2% during the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after acquiring an additional 5,998 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of CrowdStrike by 9.8% during the first quarter. IFM Investors Pty Ltd now owns 46,656 shares of the company's stock worth $16,450,000 after acquiring an additional 4,176 shares in the last quarter. Finally, Blue Rock Wealth Management LLC purchased a new stake in shares of CrowdStrike during the first quarter worth $229,000. 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.