UBS Group Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD) had its price target raised by analysts at UBS Group from $396.00 to $450.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 18.35% from the stock’s current price.

Several other research firms also recently commented on CRWD. Needham & Company LLC boosted their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Rosenblatt Securities boosted their price objective on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Morgan Stanley increased their price target on CrowdStrike from $390.00 to $429.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. JMP Securities reiterated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. Finally, Wells Fargo & Company lifted their price target on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $388.70.

CrowdStrike Stock Performance

Shares of CRWD opened at $380.24 on Wednesday. The firm’s fifty day simple moving average is $386.39 and its two-hundred day simple moving average is $333.85. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59. 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 market capitalization of $93.66 billion, a P/E ratio of 745.58, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,565 shares of company stock valued at $40,570,629. 4.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bernard Wealth Management Corp. acquired a new stake in shares of CrowdStrike in the 4th quarter worth $2,070,000. Heck Capital Advisors LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at $628,000. B. Riley Wealth Advisors Inc. lifted its stake in CrowdStrike by 118.4% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 23,092 shares of the company’s stock valued at $7,901,000 after acquiring an additional 12,521 shares during the period. Liberty Square Wealth Partners LLC purchased a new position in shares of CrowdStrike during the fourth quarter worth $163,000. Finally, Great Valley Advisor Group Inc. boosted its holdings in CrowdStrike by 17.5% in the fourth quarter. Great Valley Advisor Group Inc. now owns 8,331 shares of the company’s stock valued at $2,851,000 after purchasing an additional 1,240 shares during the last quarter. 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.