CrowdStrike (NASDAQ:CRWD) Price Target Increased to $345.00 by Analysts at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its target price raised by KeyCorp from $300.00 to $345.00 in a report issued on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on CRWD. Needham & Company LLC reiterated a buy rating and set a $350.00 price objective on shares of CrowdStrike in a research note on Friday, September 6th. Raymond James dropped their target price on shares of CrowdStrike from $380.00 to $275.00 and set an outperform rating for the company in a research report on Thursday, August 29th. Wedbush restated an outperform rating and issued a $315.00 price target on shares of CrowdStrike in a research report on Friday, August 9th. The Goldman Sachs Group dropped their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a buy rating for the company in a report on Thursday, August 15th. Finally, Guggenheim downgraded CrowdStrike from a buy rating to a neutral rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $325.32.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $293.14 on Monday. The firm has a market capitalization of $71.34 billion, a price-to-earnings ratio of 553.09, a PEG ratio of 16.14 and a beta of 1.09. 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 business has a fifty day simple moving average of $264.22 and a 200 day simple moving average of $312.02. CrowdStrike has a one year low of $157.59 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. Sell-side analysts expect that CrowdStrike will post 0.56 EPS for the current year.

Insider Activity at CrowdStrike

In other news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the sale, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the sale, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,500 shares of company stock valued at $13,301,815. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Burney Co. acquired a new position in CrowdStrike in the 1st quarter valued at $1,342,000. Principal Financial Group Inc. increased its stake in CrowdStrike by 429.2% during the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after acquiring an additional 242,052 shares during the period. BNP Paribas bought a new stake in shares of CrowdStrike during the 1st quarter valued at $2,685,000. Swedbank AB acquired a new stake in shares of CrowdStrike during the 1st quarter worth $73,972,000. Finally, Wellington Management Group LLP increased its position in shares of CrowdStrike by 5,452.5% in the fourth quarter. Wellington Management Group LLP now owns 144,532 shares of the company’s stock worth $36,902,000 after purchasing an additional 141,929 shares during the period. 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.