CrowdStrike (NASDAQ:CRWD) Price Target Increased to $440.00 by Analysts at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its target price upped by KeyCorp from $380.00 to $440.00 in a report issued on Tuesday morning, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on the company. Citigroup raised their price target on CrowdStrike from $320.00 to $425.00 and gave the company a buy rating in a research note on Thursday, March 7th. Rosenblatt Securities lifted their price objective on shares of CrowdStrike from $415.00 to $420.00 and gave the company a buy rating in a research report on Wednesday, June 5th. HSBC boosted their price objective on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a buy rating in a research note on Wednesday, March 6th. Scotiabank dropped their price objective on CrowdStrike from $400.00 to $393.00 and set a sector outperform rating on the stock in a research note on Wednesday, June 5th. Finally, BMO Capital Markets cut their price objective on CrowdStrike from $425.00 to $410.00 and set an outperform rating for the company in a research report on Wednesday, June 5th. Two equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $382.35.

CrowdStrike Stock Down 1.8 %

CRWD stock opened at $385.05 on Tuesday. The business has a 50-day moving average of $343.61 and a 200-day moving average of $315.35. CrowdStrike has a fifty-two week low of $139.37 and a fifty-two week high of $394.64. The stock has a market capitalization of $93.71 billion, a P/E ratio of 726.52, a P/E/G ratio of 19.31 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The business had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. On average, sell-side analysts anticipate that CrowdStrike will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the sale, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the transaction, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the transaction, the chief executive officer now owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Insiders have sold a total of 219,675 shares of company stock worth $76,681,402 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently added to or reduced their stakes in CRWD. Modus Advisors LLC increased its position in CrowdStrike by 1.1% in the 2nd quarter. Modus Advisors LLC now owns 4,251 shares of the company’s stock valued at $1,629,000 after buying an additional 48 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of CrowdStrike by 4.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 20,437 shares of the company’s stock valued at $7,831,000 after acquiring an additional 951 shares in the last quarter. First Hawaiian Bank raised its position in shares of CrowdStrike by 10.9% during the second quarter. First Hawaiian Bank now owns 3,853 shares of the company’s stock worth $1,476,000 after purchasing an additional 380 shares during the period. GAMMA Investing LLC lifted its holdings in shares of CrowdStrike by 134.4% in the 2nd quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock worth $253,000 after purchasing an additional 379 shares in the last quarter. Finally, Davis Capital Management bought a new stake in shares of CrowdStrike in the 2nd quarter worth $129,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.