CrowdStrike (NASDAQ:CRWD) Price Target Raised to $400.00

CrowdStrike (NASDAQ:CRWD) had its price objective boosted by Bank of America from $365.00 to $400.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus lifted their price target on CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Raymond James lowered their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Scotiabank reduced their target price on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. KeyCorp upped their price target on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, TD Cowen reduced their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $355.80.

CrowdStrike Stock Down 0.5 %

CRWD stock opened at $345.97 on Wednesday. The company has a 50 day moving average price of $315.80 and a two-hundred day moving average price of $313.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.90 and a current ratio of 1.86. The stock has a market capitalization of $84.81 billion, a P/E ratio of 678.39, a PEG ratio of 25.16 and a beta of 1.10. CrowdStrike has a one year low of $200.81 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. As a group, sell-side analysts expect that CrowdStrike will post 0.49 EPS for the current year.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This represents a 4.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,248 shares of company stock valued at $32,465,110. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of large investors have recently modified their holdings of the company. State Street Corp grew its position in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC grew its holdings in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. Geode Capital Management LLC increased its position in CrowdStrike by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after acquiring an additional 97,990 shares during the period. Legal & General Group Plc raised its stake in CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after acquiring an additional 60,607 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after acquiring an additional 77,100 shares during the period. 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.