CrowdStrike (NASDAQ:CRWD) PT Lowered to $335.00

CrowdStrike (NASDAQ:CRWD) had its price target decreased by research analysts at Royal Bank of Canada from $345.00 to $335.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 20.82% from the stock’s current price.

CRWD has been the subject of several other research reports. KeyCorp cut their target price on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. The Goldman Sachs Group lowered their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. FBN Securities raised CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. Finally, Wells Fargo & Company lowered their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $326.15.

CrowdStrike Stock Performance

Shares of CRWD opened at $277.28 on Thursday. The company has a 50-day moving average of $303.94 and a two-hundred day moving average of $318.50. The stock has a market cap of $67.48 billion, a P/E ratio of 522.13, a PEG ratio of 11.79 and a beta of 1.10. CrowdStrike has a 12-month low of $145.38 and a 12-month high of $398.33. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, research analysts predict that CrowdStrike will post 0.87 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the transaction, the insider now owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, President Michael Sentonas sold 10,735 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the sale, the president now directly owns 411,166 shares in the company, valued at approximately $156,502,114.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the transaction, the insider now owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,219 shares of company stock valued at $48,856,294. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of CRWD. GAMMA Investing LLC bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $61,000. Yousif Capital Management LLC increased its holdings in shares of CrowdStrike by 3.0% during the fourth quarter. Yousif Capital Management LLC now owns 2,539 shares of the company’s stock valued at $648,000 after purchasing an additional 73 shares during the period. Silver Oak Securities Incorporated raised its stake in shares of CrowdStrike by 404.3% during the fourth quarter. Silver Oak Securities Incorporated now owns 827 shares of the company’s stock valued at $211,000 after purchasing an additional 663 shares in the last quarter. Choreo LLC lifted its holdings in CrowdStrike by 11.0% in the fourth quarter. Choreo LLC now owns 1,726 shares of the company’s stock worth $441,000 after purchasing an additional 171 shares during the period. Finally, Mission Wealth Management LP bought a new position in CrowdStrike in the 4th quarter valued at about $545,000. 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.