CrowdStrike (NASDAQ:CRWD) Price Target Raised to $390.00

CrowdStrike (NASDAQ:CRWD) had its price target hoisted by equities research analysts at Robert W. Baird from $375.00 to $390.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 7.05% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research note on Wednesday. Barclays lifted their price objective on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday. BNP Paribas started coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target for the company. Finally, Royal Bank of Canada dropped their price target on shares of CrowdStrike from $345.00 to $335.00 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, eight have assigned a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $346.43.

CrowdStrike Price Performance

Shares of CRWD stock opened at $364.30 on Wednesday. The stock’s fifty day moving average is $311.86 and its 200-day moving average is $312.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $398.33. The stock has a market capitalization of $89.30 billion, a PE ratio of 527.97, a PEG ratio of 26.33 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. Equities research analysts expect that CrowdStrike will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling

In other news, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the sale, the president now directly owns 400,390 shares of the company’s stock, valued at $119,027,939.20. This trade represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,248 shares of company stock worth $32,465,110. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently added to or reduced their stakes in the business. Beacon Financial Advisory LLC acquired a new stake in shares of CrowdStrike during the 3rd quarter worth about $955,000. Sumitomo Mitsui Trust Group Inc. lifted its position in CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after acquiring an additional 78,305 shares during the last quarter. Burney Co. bought a new stake in shares of CrowdStrike during the first quarter worth approximately $1,342,000. Doliver Advisors LP boosted its holdings in shares of CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after acquiring an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in shares of CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after purchasing an additional 2,863 shares during 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.