UBS Group Has Lowered Expectations for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its price target cut by stock analysts at UBS Group from $450.00 to $425.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 16.30% from the company’s previous close.

Several other brokerages have also recently commented on CRWD. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Wednesday. The Goldman Sachs Group boosted their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Barclays cut their price target on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada boosted their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $400.10.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $24.72 on Wednesday, hitting $365.44. 15,929,201 shares of the company traded hands, compared to its average volume of 3,785,924. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The business has a 50-day simple moving average of $387.85 and a 200 day simple moving average of $337.82. 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 stock has a market capitalization of $90.01 billion, a P/E ratio of 716.56, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 18,071 shares of CrowdStrike 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 directly owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. The trade was a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock worth $38,387,254 in the last three months. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $1,111,542,000. Pathstone Holdings LLC grew its position in CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock valued at $440,116,000 after buying an additional 1,017,678 shares during the period. Jennison Associates LLC raised its position in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after acquiring an additional 712,900 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter worth about $237,375,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

About CrowdStrike

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.