CrowdStrike (NASDAQ:CRWD) Price Target Raised to $390.00 at Robert W. Baird

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by equities researchers at Robert W. Baird from $375.00 to $390.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 12.20% from the stock’s previous close.

Several other equities analysts have also issued reports on CRWD. Deutsche Bank Aktiengesellschaft cut their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. DA Davidson restated a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a research note on Wednesday, September 18th. Susquehanna increased their price target on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research note on Wednesday. Needham & Company LLC boosted their price target on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Bank of America upped their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Trading Down 4.6 %

CRWD opened at $347.59 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap of $85.20 billion, a price-to-earnings ratio of 503.75, a PEG ratio of 26.33 and a beta of 1.10. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $398.33. The stock has a fifty day moving average price of $314.88 and a 200-day moving average price of $313.01.

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

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 in the last 90 days. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the second quarter worth about $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike during the 3rd quarter worth approximately $28,000. Tsfg LLC raised 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 buying an additional 89 shares during the period. Family Firm Inc. acquired a new position in CrowdStrike in the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC purchased a new position in CrowdStrike in the third quarter worth approximately $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.