CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $200.00 at Canaccord Genuity Group

CrowdStrike (NASDAQ:CRWDGet Rating) had its price target cut by equities researchers at Canaccord Genuity Group from $260.00 to $200.00 in a research report issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 44.40% from the company’s previous close.

Other research analysts have also issued research reports about the stock. JMP Securities reissued a “buy” rating and set a $275.00 target price on shares of CrowdStrike in a research report on Monday, April 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of CrowdStrike from $240.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, April 8th. Robert W. Baird boosted their price objective on shares of CrowdStrike from $225.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, April 8th. BTIG Research upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $257.00 price objective on the stock in a report on Thursday, March 10th. Finally, Stifel Nicolaus dropped their price objective on shares of CrowdStrike from $285.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, March 7th. One investment analyst has rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $263.75.

CRWD stock opened at $138.50 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.71. CrowdStrike has a 1 year low of $130.00 and a 1 year high of $298.48. The company has a fifty day simple moving average of $201.08 and a 200 day simple moving average of $202.89. The firm has a market cap of $31.96 billion, a PE ratio of -134.47 and a beta of 1.44.

CrowdStrike (NASDAQ:CRWDGet Rating) last released its 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 during 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%. The business’s revenue was up 62.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) EPS. As a group, analysts forecast that CrowdStrike will post -0.89 EPS for the current fiscal year.

In other CrowdStrike news, CEO George Kurtz sold 75,801 shares of the stock in a transaction on Monday, March 21st. The shares were sold at an average price of $200.92, for a total value of $15,229,936.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Burt W. Podbere sold 13,282 shares of the stock in a transaction on Monday, March 21st. The stock was sold at an average price of $200.42, for a total transaction of $2,661,978.44. The disclosure for this sale can be found here. Insiders sold 170,458 shares of company stock worth $35,634,355 over the last 90 days. 6.82% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Gabelli Funds LLC increased its position in shares of CrowdStrike by 12.9% during the first quarter. Gabelli Funds LLC now owns 99,302 shares of the company’s stock worth $22,549,000 after acquiring an additional 11,321 shares in the last quarter. Baader Bank INC increased its position in shares of CrowdStrike by 43.1% during the first quarter. Baader Bank INC now owns 31,836 shares of the company’s stock worth $7,229,000 after acquiring an additional 9,586 shares in the last quarter. Gamco Investors INC. ET AL grew its position in CrowdStrike by 4.1% in the first quarter. Gamco Investors INC. ET AL now owns 13,521 shares of the company’s stock valued at $3,070,000 after purchasing an additional 536 shares in the last quarter. Weiss Multi Strategy Advisers LLC grew its position in CrowdStrike by 389.5% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 31,884 shares of the company’s stock valued at $7,240,000 after purchasing an additional 25,370 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in CrowdStrike by 278.1% in the first quarter. Advisors Asset Management Inc. now owns 16,157 shares of the company’s stock valued at $3,669,000 after purchasing an additional 11,884 shares in the last quarter. 63.02% of the stock is owned by institutional investors.

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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