CrowdStrike (NASDAQ:CRWD) PT Lowered to $220.00

CrowdStrike (NASDAQ:CRWDGet Rating) had its target price cut by stock analysts at Mizuho from $270.00 to $220.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Mizuho’s price objective would suggest a potential upside of 49.39% from the stock’s current price.

CRWD has been the subject of several other research reports. JPMorgan Chase & Co. increased their price target on CrowdStrike from $255.00 to $288.00 in a report on Thursday, March 10th. BTIG Research upgraded CrowdStrike from a “neutral” rating to a “buy” rating and set a $257.00 price target on the stock in a report on Thursday, March 10th. Robert W. Baird boosted their price target on shares of CrowdStrike from $225.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, April 8th. DA Davidson cut their price objective on shares of CrowdStrike from $265.00 to $250.00 in a research report on Thursday, March 10th. Finally, JMP Securities reiterated a “buy” rating and issued a $275.00 target price on shares of CrowdStrike in a report on Monday, April 11th. One analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $265.89.

CrowdStrike stock opened at $147.27 on Wednesday. The company has a fifty day simple moving average of $202.13 and a 200-day simple moving average of $203.34. The firm has a market capitalization of $33.99 billion, a price-to-earnings ratio of -142.98 and a beta of 1.44. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.71. CrowdStrike has a 52-week low of $130.00 and a 52-week high of $298.48.

CrowdStrike (NASDAQ:CRWDGet Rating) last posted its quarterly earnings results on Wednesday, March 9th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.06. The firm had revenue of $431.01 million for the quarter, compared to analyst estimates of $412.38 million. CrowdStrike had a negative net margin of 16.17% and a negative return on equity of 15.87%. CrowdStrike’s quarterly revenue was up 62.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) earnings per share. On average, research analysts anticipate that CrowdStrike will post -0.89 EPS for the current fiscal year.

In other CrowdStrike news, CFO Burt W. Podbere sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 12th. The shares were sold at an average price of $235.09, for a total transaction of $2,350,900.00. Following the completion of the transaction, the chief financial officer now owns 321,215 shares in the company, valued at approximately $75,514,434.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 20,839 shares of the firm’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $228.02, for a total transaction of $4,751,708.78. Following the completion of the sale, the insider now owns 191,046 shares in the company, valued at $43,562,308.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 170,458 shares of company stock valued at $35,634,355. 6.82% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Quarterback LLC grew its stake in CrowdStrike by 78.6% during the 3rd quarter. Wealth Quarterback LLC now owns 125 shares of the company’s stock worth $27,000 after buying an additional 55 shares during the last quarter. Psagot Value Holdings Ltd. Israel acquired a new position in CrowdStrike during the 4th quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV raised its stake in shares of CrowdStrike by 159.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 135 shares of the company’s stock worth $28,000 after buying an additional 83 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of CrowdStrike by 440.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock valued at $28,000 after buying an additional 110 shares during the period. Finally, MUFG Americas Holdings Corp purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 63.02% of the company’s stock.

CrowdStrike Company Profile (Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

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