CrowdStrike (NASDAQ:CRWD) Given New $550.00 Price Target at Wells Fargo & Company

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by Wells Fargo & Company from $430.00 to $550.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also issued reports about the stock. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Rosenblatt Securities boosted their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a research report on Monday. Finally, Barclays restated an “overweight” rating and issued a $500.00 price target (up from $475.00) on shares of CrowdStrike in a research report on Wednesday, May 28th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $412.52.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $479.17 on Monday. 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 firm’s 50-day simple moving average is $406.34 and its 200-day simple moving average is $385.17. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $479.97. The firm has a market cap of $118.77 billion, a P/E ratio of 939.57, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 22,449 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.68, for a total value of $8,052,007.32. Following the completion of the sale, the chief executive officer now owns 2,178,452 shares of the company’s stock, valued at approximately $781,367,163.36. This represents a 1.02% 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 1,496 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 195,431 shares of company stock worth $79,162,548 over the last ninety days. Company insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently made changes to their positions in the stock. Cloud Capital Management LLC acquired a new position in CrowdStrike during the first quarter worth $25,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Vision Financial Markets LLC acquired a new position in CrowdStrike during the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. boosted its holdings in 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 purchasing an additional 73 shares during the last quarter. 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.