CrowdStrike (NASDAQ:CRWD) Price Target Raised to $455.00

CrowdStrike (NASDAQ:CRWDFree Report) had its price objective boosted by DA Davidson from $425.00 to $455.00 in a research note issued to investors on Wednesday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other research firms also recently weighed in on CRWD. Piper Sandler upgraded CrowdStrike from a “neutral” rating to an “overweight” rating and set a $520.00 price target for the company in a research note on Monday, March 2nd. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 price objective on shares of CrowdStrike in a report on Wednesday, December 3rd. Citigroup raised their target price on shares of CrowdStrike from $595.00 to $610.00 and gave the company a “buy” rating in a research note on Monday, January 12th. BTIG Research lowered their target price on shares of CrowdStrike from $640.00 to $499.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Finally, BNP Paribas Exane cut their price target on shares of CrowdStrike from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $505.98.

Read Our Latest Research Report on CRWD

CrowdStrike Stock Up 0.7%

Shares of CRWD stock opened at $428.99 on Wednesday. The firm’s fifty day moving average price is $431.56 and its two-hundred day moving average price is $468.58. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The company has a current ratio of 1.77, a quick ratio of 1.81 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $108.15 billion, a P/E ratio of -579.71, a PEG ratio of 20.82 and a beta of 1.06.

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

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 1,879 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $527.51, for a total value of $991,191.29. Following the transaction, the director owned 763,027 shares of the company’s stock, valued at approximately $402,504,372.77. This represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Johanna Flower sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $461.94, for a total value of $1,385,820.00. Following the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 91,947 shares of company stock worth $41,438,616. 3.32% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Several institutional investors have recently added to or reduced their stakes in CRWD. Disciplined Equity Management Inc. increased its position in CrowdStrike by 0.8% during the 3rd quarter. Disciplined Equity Management Inc. now owns 2,405 shares of the company’s stock worth $1,179,000 after buying an additional 20 shares during the period. TD Private Client Wealth LLC increased its position in CrowdStrike by 6.4% during the third quarter. TD Private Client Wealth LLC now owns 334 shares of the company’s stock worth $164,000 after acquiring an additional 20 shares during the period. Financially Speaking Inc raised its stake in CrowdStrike by 26.7% in the 3rd quarter. Financially Speaking Inc now owns 95 shares of the company’s stock worth $47,000 after purchasing an additional 20 shares in the last quarter. Catalyst Financial Partners LLC boosted its holdings in CrowdStrike by 1.6% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,246 shares of the company’s stock valued at $611,000 after purchasing an additional 20 shares during the period. Finally, Fire Capital Management LLC boosted its holdings in CrowdStrike by 1.7% in the 3rd quarter. Fire Capital Management LLC now owns 1,239 shares of the company’s stock valued at $608,000 after purchasing an additional 21 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Key Stories Impacting CrowdStrike

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.

See Also

Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.