Rosenblatt Securities Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its target price upped by research analysts at Rosenblatt Securities from $325.00 to $385.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ price target points to a potential upside of 5.68% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. DA Davidson restated a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research note on Wednesday, September 18th. Cantor Fitzgerald boosted their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Jefferies Financial Group upped their price target on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Argus cut their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Susquehanna reiterated a “positive” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $339.08.

CrowdStrike Stock Up 0.2 %

CRWD opened at $364.30 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $89.30 billion, a PE ratio of 527.97, a P/E/G ratio of 26.95 and a beta of 1.10. The stock’s fifty day moving average is $311.86 and its 200-day moving average is $312.52. CrowdStrike has a one year low of $200.81 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, equities analysts predict that CrowdStrike will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at $40,954,251.12. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 over the last quarter. 4.34% 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 the business. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike during the 3rd quarter worth approximately $28,000. Tsfg LLC increased its position in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. bought a new position in shares of CrowdStrike during the 2nd quarter valued at approximately $30,000. Finally, Castleview Partners LLC bought a new position in CrowdStrike in the 3rd quarter valued at $32,000. 71.16% of the stock is 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.