Wells Fargo & Company Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

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

Several other research firms have also weighed in on CRWD. Susquehanna lifted their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. Truist Financial boosted their price objective on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Cantor Fitzgerald boosted their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. The Goldman Sachs Group boosted their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 price objective on shares of CrowdStrike in a report on Wednesday. One 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.10.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $365.44 on Wednesday. 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 firm has a market capitalization of $90.01 billion, a price-to-earnings ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. The firm’s fifty day simple moving average is $387.84 and its 200 day simple moving average is $338.02. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares in the company, valued at $42,629,875.72. This represents a 3.74 % decrease in their position. 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 company insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC purchased a new stake in CrowdStrike in the 4th quarter worth approximately $27,000. Fortitude Family Office LLC lifted its position in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares in the last quarter. FPC Investment Advisory Inc. lifted its position 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 buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new stake in CrowdStrike in the 4th quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in CrowdStrike in the 4th quarter worth approximately $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.