CrowdStrike (NASDAQ:CRWD) Given “Neutral” Rating at Robert W. Baird

CrowdStrike (NASDAQ:CRWD)‘s stock had its “neutral” rating reaffirmed by analysts at Robert W. Baird in a research note issued to investors on Monday,Benzinga reports. They currently have a $430.00 price objective on the stock, up from their prior price objective of $390.00. Robert W. Baird’s price target would indicate a potential upside of 8.02% from the company’s current price.

Several other analysts also recently issued reports on CRWD. Citigroup increased their price target on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Friday, January 17th. Oppenheimer raised their target price on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Stifel Nicolaus raised their target price on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Rosenblatt Securities raised their target price on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Jefferies Financial Group raised their target price on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $370.00.

CrowdStrike Stock Up 0.3 %

Shares of NASDAQ CRWD opened at $398.07 on Monday. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $411.30. The company has a market cap of $98.05 billion, a P/E ratio of 780.54, a P/E/G ratio of 21.13 and a beta of 1.16. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $362.61 and a 200 day moving average price of $312.29.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock valued at $38,935,113 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWD. Czech National Bank grew its position in CrowdStrike by 7.0% during the 3rd quarter. Czech National Bank now owns 47,033 shares of the company’s stock worth $13,191,000 after purchasing an additional 3,084 shares in the last quarter. GAMMA Investing LLC grew its position in CrowdStrike by 77.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,170 shares of the company’s stock worth $328,000 after purchasing an additional 509 shares in the last quarter. Smith Anglin Financial LLC grew its position in CrowdStrike by 93.1% during the 3rd quarter. Smith Anglin Financial LLC now owns 2,004 shares of the company’s stock worth $562,000 after purchasing an additional 966 shares in the last quarter. Miracle Mile Advisors LLC grew its position in CrowdStrike by 21.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,058 shares of the company’s stock worth $577,000 after purchasing an additional 357 shares in the last quarter. Finally, Parisi Gray Wealth Management grew its position in CrowdStrike by 3.0% during the 3rd quarter. Parisi Gray Wealth Management now owns 3,051 shares of the company’s stock worth $856,000 after purchasing an additional 88 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.