CrowdStrike (NASDAQ:CRWD) Price Target Raised to $450.00 at UBS Group

CrowdStrike (NASDAQ:CRWD) had its price objective boosted by UBS Group from $396.00 to $450.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on CRWD. BMO Capital Markets raised their target price on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Robert W. Baird reissued a “neutral” rating and issued a $430.00 price objective (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Needham & Company LLC upped their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Barclays lifted their price target on shares of CrowdStrike from $372.00 to $506.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Morgan Stanley upped their price objective on CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. One analyst has 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $387.08.

CrowdStrike Price Performance

NASDAQ CRWD opened at $394.56 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $455.59. The stock has a market capitalization of $97.18 billion, a price-to-earnings ratio of 773.66, a PEG ratio of 17.86 and a beta of 1.16. The business’s fifty day moving average price is $385.81 and its 200-day moving average price is $333.53.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,565 shares of company stock worth $51,038,529. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of CRWD. Nisa Investment Advisors LLC increased its stake in CrowdStrike by 50.6% in the third quarter. Nisa Investment Advisors LLC now owns 41,672 shares of the company’s stock worth $11,688,000 after purchasing an additional 14,003 shares during the period. Autumn Glory Partners LLC purchased a new position in CrowdStrike in the 3rd quarter worth about $280,000. abrdn plc increased its stake in CrowdStrike by 25.0% in the 3rd quarter. abrdn plc now owns 76,442 shares of the company’s stock worth $21,513,000 after buying an additional 15,310 shares during the period. Gateway Wealth Partners LLC boosted its position in CrowdStrike by 16.1% in the 3rd quarter. Gateway Wealth Partners LLC now owns 723 shares of the company’s stock valued at $203,000 after buying an additional 100 shares during the period. Finally, Strategic Blueprint LLC boosted its position in CrowdStrike by 6.4% in the 3rd quarter. Strategic Blueprint LLC now owns 2,498 shares of the company’s stock valued at $701,000 after buying an additional 151 shares during the period. 71.16% of the stock is currently 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.