CrowdStrike (NASDAQ:CRWD) Price Target Cut to $425.00 by Analysts at UBS Group

CrowdStrike (NASDAQ:CRWD) had its price target decreased by UBS Group from $450.00 to $425.00 in a research report report published on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on the stock. Piper Sandler raised their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America raised their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a report on Wednesday. KeyCorp reduced their price objective on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Robert W. Baird decreased their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $400.10.

CrowdStrike Stock Down 6.3 %

Shares of CRWD stock opened at $365.44 on Wednesday. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The firm has a market capitalization of $90.01 billion, a PE 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. The stock’s 50-day simple moving average is $387.84 and its 200-day simple moving average is $338.02.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,315 shares of company stock worth $38,387,254. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Institutional investors have recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new position in CrowdStrike in the fourth quarter valued at about $27,000. Fortitude Family Office LLC boosted its holdings in CrowdStrike by 112.8% in 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 during the period. FPC Investment Advisory Inc. grew its position in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. purchased a new position in CrowdStrike in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.