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

CrowdStrike (NASDAQ:CRWD) had its price target boosted by UBS Group from $396.00 to $450.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 12.92% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Morgan Stanley boosted their target price on CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Rosenblatt Securities boosted their target price on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Cantor Fitzgerald boosted their target price on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $387.08.

CrowdStrike Price Performance

NASDAQ CRWD traded up $18.77 during trading on Wednesday, hitting $398.52. 1,213,336 shares of the company’s stock were exchanged, compared to its average volume of 3,257,991. 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 company has a market cap of $98.16 billion, a PE ratio of 782.37, a P/E/G ratio of 17.86 and a beta of 1.16. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The stock’s 50 day moving average price is $384.90 and its two-hundred day moving average price is $333.10.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of CRWD. Berbice Capital Management LLC bought a new position in CrowdStrike during the 4th quarter valued at $27,000. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. FPC Investment Advisory Inc. lifted its stake in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Luken Investment Analytics LLC bought a new position in CrowdStrike during the 4th quarter valued at $34,000. Finally, Crowley Wealth Management Inc. bought a new position in CrowdStrike during the 4th quarter valued at $34,000. 71.16% of the stock is currently owned by 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.