Evercore ISI Raises CrowdStrike (NASDAQ:CRWD) Price Target to $400.00

CrowdStrike (NASDAQ:CRWD) had its price objective hoisted by analysts at Evercore ISI from $325.00 to $400.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s target price points to a potential upside of 9.80% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Sanford C. Bernstein cut their target price on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. TD Cowen reduced their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Robert W. Baird reduced their price objective on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Oppenheimer reduced their price objective on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $339.08.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $364.30 on Monday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33. The firm has a 50 day moving average of $311.86 and a 200-day moving average of $312.52. 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 stock has a market capitalization of $89.30 billion, a P/E ratio of 527.97, a price-to-earnings-growth ratio of 26.95 and a beta of 1.10.

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. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that CrowdStrike will post 0.49 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 in the last 90 days. 4.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arlington Financial Advisors LLC increased its position in CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after purchasing an additional 30 shares during the period. Synergy Financial Group LTD boosted its position in CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after acquiring an additional 30 shares during the last quarter. Sunpointe LLC grew its holdings in CrowdStrike by 3.1% during the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after acquiring an additional 34 shares during the period. Hilltop Holdings Inc. lifted its stake in shares of CrowdStrike by 1.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after purchasing an additional 34 shares during the period. Finally, Means Investment CO. Inc. boosted its position in shares of CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after purchasing an additional 35 shares in the last quarter. 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.