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

CrowdStrike (NASDAQ:CRWD) had its target price upped by Wells Fargo & Company from $430.00 to $550.00 in a report released on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

CRWD has been the subject of a number of other research reports. Stifel Nicolaus set a $480.00 price objective on shares of CrowdStrike and gave the stock a “buy” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Morgan Stanley raised their price objective on shares of CrowdStrike from $415.00 to $455.00 and gave the stock an “overweight” rating in a research note on Thursday, May 15th. Roth Capital assumed coverage on shares of CrowdStrike in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $410.00 price objective for the company. Finally, BMO Capital Markets lifted their target price on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $412.52.

CrowdStrike Trading Up 1.7%

CrowdStrike stock opened at $479.17 on Monday. The company has a 50 day moving average price of $406.34 and a 200 day moving average price of $385.17. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $479.97. 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 has a market capitalization of $118.77 billion, a price-to-earnings ratio of 939.57, a P/E/G ratio of 17.86 and a beta of 1.22.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. This trade represents a 4.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 195,431 shares of company stock worth $79,162,548 in the last quarter. 3.32% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of CRWD. Cloud Capital Management LLC acquired a new stake in CrowdStrike in the 1st quarter worth $25,000. Atlantic Edge Private Wealth Management LLC grew its position in CrowdStrike by 114.3% in the 1st 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 stake in shares of CrowdStrike during the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Finally, FPC Investment Advisory Inc. boosted its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.