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

CrowdStrike (NASDAQ:CRWD) had its price target raised by stock analysts at Wells Fargo & Company from $400.00 to $430.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 21.50% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday. Oppenheimer increased their target price on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their price target on CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Jefferies Financial Group increased their price objective on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Cantor Fitzgerald boosted their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $393.60.

CrowdStrike Stock Performance

CrowdStrike stock traded down $36.26 during trading hours on Wednesday, reaching $353.90. 6,035,314 shares of the company were exchanged, compared to its average volume of 3,500,142. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59. The firm has a market cap of $87.17 billion, a price-to-earnings ratio of 692.57, a PEG ratio of 17.86 and a beta of 1.19. 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 stock has a 50-day moving average of $387.85 and a 200 day moving average of $337.82.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 18,071 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares in the company, valued at $776,928,619.50. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock valued at $38,387,254 in the last 90 days. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently added to or reduced their stakes in the business. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth about $27,000. FPC Investment Advisory Inc. grew its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Fortitude Family Office LLC increased its stake in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Luken Investment Analytics LLC bought a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds 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.