CrowdStrike (NASDAQ:CRWD) Price Target Raised to $375.00 at Piper Sandler

CrowdStrike (NASDAQ:CRWD) had its price target boosted by Piper Sandler from $290.00 to $375.00 in a report issued on Wednesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other brokerages have also recently commented on CRWD. UBS Group lowered their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Royal Bank of Canada lowered their price target on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. BMO Capital Markets lifted their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial increased their target price on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Argus cut their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Stock Performance

CRWD opened at $347.59 on Wednesday. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $398.33. The stock has a market cap of $85.20 billion, a P/E ratio of 503.75, a P/E/G ratio of 26.33 and a beta of 1.10. The stock’s 50 day simple moving average is $313.47 and its 200 day simple moving average is $312.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last posted 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 company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share. As a group, equities analysts anticipate that CrowdStrike will post 0.49 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently added to or reduced their stakes in CRWD. Tri Ri Asset Management Corp purchased a new position in CrowdStrike in the 3rd quarter valued at about $5,456,000. Peapack Gladstone Financial Corp purchased a new stake in shares of CrowdStrike during the third quarter worth about $497,000. Tidal Investments LLC lifted its stake in shares of CrowdStrike by 7.5% in the third quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock worth $6,959,000 after acquiring an additional 1,740 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in CrowdStrike in the third quarter valued at about $1,319,000. Finally, World Investment Advisors LLC grew its stake in CrowdStrike by 24.7% during the 3rd quarter. World Investment Advisors LLC now owns 2,514 shares of the company’s stock valued at $705,000 after purchasing an additional 498 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.