CrowdStrike (NASDAQ:CRWD) Earns Overweight Rating from Barclays

CrowdStrike (NASDAQ:CRWD)‘s stock had its “overweight” rating reissued by research analysts at Barclays in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They presently have a $500.00 price target on the stock, up from their prior price target of $475.00. Barclays‘s price objective suggests a potential upside of 8.98% from the company’s current price.

Several other research analysts have also weighed in on CRWD. Mizuho lowered shares of CrowdStrike from an “outperform” rating to a “neutral” rating and set a $425.00 price objective on the stock. in a research note on Thursday, May 15th. UBS Group dropped their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. JMP Securities increased their price target on shares of CrowdStrike from $400.00 to $500.00 and gave the stock a “market outperform” rating in a research note on Monday, May 5th. Susquehanna increased their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research note on Wednesday, March 5th. Finally, Truist Financial dropped their price target on shares of CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $407.29.

CrowdStrike Stock Down 2.1%

CrowdStrike stock opened at $458.81 on Wednesday. The firm has a market cap of $113.73 billion, a PE ratio of 899.65, 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. The firm’s 50 day moving average price is $402.56 and its two-hundred day moving average price is $382.80. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $474.23.

Insider Transactions at CrowdStrike

In related news, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $469.00, for a total transaction of $4,690,000.00. Following the completion of the sale, the director now owns 39,500 shares in the company, valued at $18,525,500. This trade represents a 20.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 13,543 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the sale, the president now owns 405,308 shares of the company’s stock, valued at $145,351,554.96. This trade represents a 3.23% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 195,431 shares of company stock valued at $79,162,548. Company insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in the company. Nova Wealth Management Inc. increased its position in shares of CrowdStrike by 12.5% during the 1st quarter. Nova Wealth Management Inc. now owns 405 shares of the company’s stock worth $143,000 after purchasing an additional 45 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $206,000. Strs Ohio acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $62,872,000. Wealth Management Associates Inc. increased its position in shares of CrowdStrike by 2.2% during the 1st quarter. Wealth Management Associates Inc. now owns 4,470 shares of the company’s stock worth $1,576,000 after purchasing an additional 98 shares in the last quarter. Finally, Siren L.L.C. increased its position in shares of CrowdStrike by 4.2% during the 1st quarter. Siren L.L.C. now owns 25,000 shares of the company’s stock worth $8,814,000 after purchasing an additional 1,000 shares in the last quarter. 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.