CrowdStrike (NASDAQ:CRWD) Price Target Raised to $368.00

CrowdStrike (NASDAQ:CRWDFree Report) had its target price raised by Sanford C. Bernstein from $353.00 to $368.00 in a report released on Wednesday morning, MarketBeat reports. They currently have a market perform rating on the stock.

A number of other research firms also recently issued reports on CRWD. BNP Paribas Exane lifted their price objective on shares of CrowdStrike from $350.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. UBS Group increased their target price on shares of CrowdStrike from $580.00 to $590.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Citigroup raised their price target on shares of CrowdStrike from $595.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Truist Financial cut their price target on shares of CrowdStrike from $600.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Finally, Oppenheimer reduced their price objective on shares of CrowdStrike from $580.00 to $500.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $505.98.

View Our Latest Stock Analysis on CRWD

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $428.99 on Wednesday. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $566.90. The company has a quick ratio of 1.81, a current ratio of 1.77 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $431.56 and a 200-day moving average price of $468.58. The company has a market cap of $108.15 billion, a PE ratio of -579.71, a price-to-earnings-growth ratio of 20.82 and a beta of 1.06.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. CrowdStrike’s quarterly revenue was up 23.8% on a year-over-year basis. Equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Johanna Flower sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the sale, the director owned 76,082 shares in the company, valued at approximately $35,145,319.08. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Burt W. Podbere sold 10,516 shares of CrowdStrike stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the completion of the sale, the chief financial officer directly owned 179,114 shares in the company, valued at approximately $86,571,169.62. This represents a 5.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 91,947 shares of company stock worth $41,438,616 in the last ninety days. Corporate insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently modified their holdings of the stock. Asset Planning Inc purchased a new position in CrowdStrike in the third quarter valued at approximately $25,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in CrowdStrike in the third quarter worth $25,000. Anchor Investment Management LLC purchased a new stake in CrowdStrike in the third quarter worth $25,000. Hanson & Doremus Investment Management raised its stake in shares of CrowdStrike by 170.0% in the fourth quarter. Hanson & Doremus Investment Management now owns 54 shares of the company’s stock valued at $25,000 after buying an additional 34 shares during the period. Finally, Basepoint Wealth LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at $25,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike News Roundup

Here are the key news stories impacting CrowdStrike this week:

CrowdStrike Company Profile

(Get Free Report)

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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