CrowdStrike (NASDAQ:CRWD) Price Target Raised to $385.00 at Rosenblatt Securities

CrowdStrike (NASDAQ:CRWD) had its price objective increased by Rosenblatt Securities from $325.00 to $385.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently commented on the stock. Susquehanna reiterated a “positive” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $302.00 to $339.00 in a research note on Friday, August 30th. Jefferies Financial Group increased their price objective on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Robert W. Baird reduced their price target on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lowered their price objective on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $339.08.

CrowdStrike Stock Down 2.3 %

Shares of NASDAQ:CRWD opened at $363.68 on Monday. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a market capitalization of $89.15 billion, a PE ratio of 527.07, a price-to-earnings-growth ratio of 26.95 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a fifty day moving average of $309.95 and a 200-day moving average of $312.22.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS. On average, equities analysts predict that CrowdStrike will post 0.49 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of the company’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 $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value 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 trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 in the last quarter. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike in the second quarter worth about $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $28,000. Tsfg LLC lifted its stake in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. bought a new position in CrowdStrike during the second quarter valued at $30,000. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike in the third quarter worth $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

About CrowdStrike

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.