Deutsche Bank Aktiengesellschaft Increases CrowdStrike (NASDAQ:CRWD) Price Target to $130.00

CrowdStrike (NASDAQ:CRWD – Get Rating) had its target price boosted by equities researchers at Deutsche Bank Aktiengesellschaft from $115.00 to $130.00 in a research report issued on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 6.84% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped their price target on CrowdStrike from $137.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday. Cantor Fitzgerald reduced their price target on CrowdStrike from $240.00 to $160.00 in a research note on Wednesday, November 30th. Wells Fargo & Company reduced their price target on CrowdStrike from $210.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 30th. Evercore ISI reduced their price target on CrowdStrike from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $235.00 price target on shares of CrowdStrike in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.50.

CrowdStrike Price Performance

CRWD opened at $121.68 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.76 and a current ratio of 1.76. CrowdStrike has a 52-week low of $92.25 and a 52-week high of $242.00. The stock has a market capitalization of $28.52 billion, a PE ratio of -154.03 and a beta of 1.02. The stock’s 50 day moving average price is $110.06 and its 200-day moving average price is $136.17.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,165 shares of the company’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total value of $126,868.50. Following the completion of the sale, the chief accounting officer now owns 33,301 shares in the company, valued at $3,626,478.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Denis Oleary sold 39,448 shares of the stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $109.00, for a total transaction of $4,299,832.00. Following the completion of the sale, the director now owns 3,887 shares in the company, valued at $423,683. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,165 shares of the stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total value of $126,868.50. Following the sale, the chief accounting officer now owns 33,301 shares of the company’s stock, valued at approximately $3,626,478.90. The disclosure for this sale can be found here. Insiders sold a total of 109,252 shares of company stock worth $11,807,218 over the last quarter. 6.82% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in CrowdStrike by 1.3% during the third quarter. Vanguard Group Inc. now owns 13,243,460 shares of the company’s stock valued at $2,182,654,000 after buying an additional 171,258 shares during the last quarter. Jennison Associates LLC boosted its stake in CrowdStrike by 19.7% during the third quarter. Jennison Associates LLC now owns 9,695,501 shares of the company’s stock valued at $1,597,916,000 after buying an additional 1,597,116 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in CrowdStrike by 17.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,642,466 shares of the company’s stock valued at $782,534,000 after buying an additional 693,499 shares during the last quarter. State Street Corp boosted its stake in CrowdStrike by 1.6% during the third quarter. State Street Corp now owns 4,257,764 shares of the company’s stock valued at $701,722,000 after buying an additional 65,999 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in CrowdStrike by 62.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock valued at $396,019,000 after buying an additional 1,440,905 shares during the last quarter. Hedge funds and other institutional investors own 65.05% of the company’s stock.

CrowdStrike Company Profile

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CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.