CrowdStrike (NASDAQ:CRWD) Price Target Raised to $545.00 at UBS Group

CrowdStrike (NASDAQ:CRWD - Free Report) had its target price lifted by UBS Group from $425.00 to $545.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

CRWD has been the topic of several other reports. Baird R W lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Raymond James lowered CrowdStrike from an "outperform" rating to a "cautious" rating in a research report on Monday, March 10th. Citigroup restated an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Scotiabank restated a "sector perform" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, DZ Bank lowered CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target on the stock. in a research report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $408.12.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $7.01 during trading on Thursday, hitting $465.82. 4,481,144 shares of the stock traded hands, compared to its average volume of 5,121,588. 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 stock has a market cap of $115.46 billion, a price-to-earnings ratio of 913.39, a PEG ratio of 17.86 and a beta of 1.22. The firm's fifty day moving average is $404.18 and its 200-day moving average is $383.65. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $474.23.

Insider Activity

In other CrowdStrike news, CFO Burt W. Podbere sold 16,000 shares of CrowdStrike stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the transaction, the chief financial officer now owns 249,653 shares in the company, valued at approximately $109,068,402.64. The trade was a 6.02% 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, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $469.00, for a total value of $4,690,000.00. Following the transaction, the director now owns 39,500 shares of the company's stock, valued at $18,525,500. The trade was a 20.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 195,431 shares of company stock worth $79,162,548 in the last quarter. 3.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRWD. Norges Bank purchased a new position in CrowdStrike during the fourth quarter valued at $1,111,542,000. Nuveen LLC purchased a new position in shares of CrowdStrike in the first quarter worth $595,766,000. Jennison Associates LLC raised its stake in shares of CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of CrowdStrike by 50,536.2% in the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after purchasing an additional 1,084,506 shares during the last quarter. Finally, Pathstone Holdings LLC raised its stake in shares of CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the last quarter. 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.