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

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its target price upped by stock analysts at Wedbush from $390.00 to $395.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Wedbush's target price suggests a potential upside of 8.09% from the stock's current price.

Several other research analysts have also recently issued reports on CRWD. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research note on Wednesday. Oppenheimer raised their target price on CrowdStrike from $365.00 to $410.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. BMO Capital Markets increased their price target on CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research report on Wednesday. HSBC downgraded 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. Finally, Piper Sandler raised their price target on CrowdStrike from $375.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday. One research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $400.10.

CrowdStrike Stock Performance

Shares of CRWD stock traded down $24.72 on Wednesday, hitting $365.44. 15,929,201 shares of the stock traded hands, compared to its average volume of 3,785,924. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company's fifty day moving average is $387.84 and its 200 day moving average is $338.02. The company has a market capitalization of $90.01 billion, a PE ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling

In other CrowdStrike 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 transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 11,217 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the transaction, the chief financial officer now owns 290,711 shares of the company's stock, valued at approximately $104,115,237.54. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock worth $38,387,254 in the last 90 days. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the company. FSA Wealth Management LLC raised its stake in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after buying an additional 23 shares during the period. Jacobi Capital Management LLC grew its position in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after purchasing an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after buying an additional 27 shares in the last quarter. Wintrust Investments LLC grew its position in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after buying an additional 29 shares in the last quarter. Finally, Synergy Financial Group LTD boosted its holdings in shares of CrowdStrike by 0.8% in the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company's stock valued at $1,108,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

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.