CrowdStrike (NASDAQ:CRWD) Given New $425.00 Price Target at UBS Group

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price target decreased by research analysts at UBS Group from $450.00 to $425.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's target price would suggest a potential upside of 16.30% from the company's current price.

Other equities analysts have also recently issued reports about the company. Mizuho boosted their target price on CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Hsbc Global Res downgraded shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Susquehanna raised their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research report on Wednesday. Morgan Stanley lifted their target price on shares of CrowdStrike from $390.00 to $429.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, Piper Sandler lifted their price objective on CrowdStrike from $375.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $400.10.

CrowdStrike Trading Down 6.3 %

Shares of NASDAQ CRWD traded down $24.72 during trading hours on Wednesday, hitting $365.44. The company's stock had a trading volume of 15,929,201 shares, compared to its average volume of 3,785,924. The business has a 50-day simple moving average of $387.85 and a 200-day simple moving average of $337.82. The stock has a market cap of $90.01 billion, a price-to-earnings ratio of 716.56, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59.

Insiders Place Their Bets

In related news, 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 value of $1,802,680.00. Following the completion of the sale, the insider now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now directly owns 780,592 shares in the company, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,315 shares of company stock valued at $38,387,254. Company insiders own 4.34% of the company's stock.

Institutional Trading of CrowdStrike

Large investors have recently added to or reduced their stakes in the business. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth $27,000. FPC Investment Advisory Inc. raised its holdings in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares during the period. Fortitude Family Office LLC lifted its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter valued at about $34,000. Finally, Luken Investment Analytics LLC purchased a new stake in CrowdStrike in the fourth quarter worth about $34,000. 71.16% of the stock is currently owned by 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.

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