CrowdStrike (NASDAQ:CRWD) Given New $430.00 Price Target at Wells Fargo & Company

CrowdStrike (NASDAQ:CRWD - Free Report) had its price target hoisted by Wells Fargo & Company from $400.00 to $430.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts also recently commented on CRWD. Needham & Company LLC restated a "buy" rating and issued a $420.00 price target on shares of CrowdStrike in a research note on Wednesday. HSBC downgraded shares of CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 price objective for the company. in a research note on Wednesday, November 27th. Scotiabank restated a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Citigroup reaffirmed a "buy" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $400.10.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $24.72 on Wednesday, hitting $365.44. 15,929,201 shares of the company were exchanged, compared to its average volume of 3,785,924. The stock has a market capitalization of $90.01 billion, a price-to-earnings ratio of 716.56, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. 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 company has a 50-day moving average price of $387.84 and a 200 day moving average price of $338.02. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $455.59.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 18,071 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,159,935 shares of the company's stock, valued at approximately $776,928,619.50. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the firm's 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 transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, 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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Siemens Fonds Invest GmbH lifted its holdings in shares of CrowdStrike by 37.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company's stock valued at $2,384,000 after purchasing an additional 1,893 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $151,000. Total Wealth Planning & Management Inc. bought a new stake in shares of CrowdStrike during the 4th quarter valued at $315,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in CrowdStrike in the 4th quarter worth $59,596,000. Finally, Brooklyn FI LLC bought a new position in CrowdStrike in the 4th quarter worth $3,927,000. 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.