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

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by UBS Group from $396.00 to $450.00 in a research report sent to investors on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other research firms also recently weighed in on CRWD. CICC Research began coverage on shares of CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target on the stock. Susquehanna raised their target price on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Mizuho boosted their price target on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. JMP Securities restated a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research report on Monday, November 4th. Finally, Cantor Fitzgerald lifted their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $389.50.

CrowdStrike Price Performance

NASDAQ CRWD opened at $389.66 on Wednesday. The company has a 50-day moving average price of $386.94 and a 200-day moving average price of $334.90. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $95.98 billion, a P/E ratio of 764.05, a PEG ratio of 17.86 and a beta of 1.16.

Insider Activity

In related news, CEO George Kurtz sold 18,071 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the sale, the chief executive officer now owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,565 shares of company stock valued at $40,570,629 in the last ninety days. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

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