CrowdStrike (NASDAQ:CRWD) PT Raised to $345.00

CrowdStrike (NASDAQ:CRWD) had its target price boosted by research analysts at Jefferies Financial Group from $315.00 to $345.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 19.73% from the stock’s current price.

Several other research analysts have also recently weighed in on CRWD. Deutsche Bank Aktiengesellschaft dropped their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. FBN Securities raised CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. Barclays upped their target price on shares of CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. TD Cowen reduced their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Robert W. Baird dropped their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $326.50.

CrowdStrike Stock Down 1.7 %

Shares of NASDAQ:CRWD traded down $4.99 during midday trading on Tuesday, reaching $288.15. The company’s stock had a trading volume of 1,674,663 shares, compared to its average volume of 5,356,054. CrowdStrike has a 12-month low of $157.59 and a 12-month high of $398.33. The firm has a market capitalization of $70.12 billion, a P/E ratio of 543.23, a PEG ratio of 16.14 and a beta of 1.09. The firm has a 50 day moving average of $264.22 and a 200-day moving average of $312.02. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $958.27 million. During the same quarter last year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, research analysts anticipate that CrowdStrike will post 0.56 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the transaction, the director now directly 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 the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. Insiders have sold a total of 37,500 shares of company stock valued at $13,301,815 in the last 90 days. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds have recently modified their holdings of the stock. Centaurus Financial Inc. grew its position in CrowdStrike by 211.0% during the second quarter. Centaurus Financial Inc. now owns 2,435 shares of the company’s stock valued at $933,000 after buying an additional 1,652 shares during the period. Anchor Investment Management LLC boosted its stake in shares of CrowdStrike by 130.0% during the 2nd quarter. Anchor Investment Management LLC now owns 230 shares of the company’s stock worth $88,000 after acquiring an additional 130 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of CrowdStrike during the 2nd quarter valued at about $41,836,000. Newbridge Financial Services Group Inc. increased its stake in shares of CrowdStrike by 24.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock valued at $3,855,000 after purchasing an additional 1,966 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in CrowdStrike in the 2nd quarter worth about $15,285,000. Hedge funds and other institutional investors 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.