Barclays Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $182.00

CrowdStrike (NASDAQ:CRWDGet Rating) had its price objective lowered by analysts at Barclays from $255.00 to $182.00 in a research note issued on Monday, The Fly reports. Barclays‘s price objective points to a potential upside of 22.36% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group initiated coverage on shares of CrowdStrike in a report on Monday, April 18th. They issued a “buy” rating and a $275.00 target price for the company. UBS Group decreased their target price on shares of CrowdStrike from $285.00 to $240.00 and set a “buy” rating for the company in a report on Thursday. Stifel Nicolaus decreased their target price on shares of CrowdStrike from $285.00 to $250.00 and set a “buy” rating for the company in a report on Monday, March 7th. Royal Bank of Canada lifted their target price on shares of CrowdStrike from $250.00 to $275.00 in a report on Thursday, March 10th. Finally, Canaccord Genuity Group decreased their target price on shares of CrowdStrike from $260.00 to $200.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $259.57.

Shares of CRWD opened at $148.74 on Monday. CrowdStrike has a 1-year low of $130.00 and a 1-year high of $298.48. The firm has a market capitalization of $34.32 billion, a price-to-earnings ratio of -144.41 and a beta of 1.44. The firm’s 50-day moving average price is $199.44 and its 200-day moving average price is $200.14. 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 (NASDAQ:CRWDGet Rating) last issued its quarterly earnings results on Wednesday, March 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.06. CrowdStrike had a negative net margin of 16.17% and a negative return on equity of 15.87%. The company had revenue of $431.01 million during the quarter, compared to analysts’ expectations of $412.38 million. During the same period last year, the company posted ($0.08) EPS. CrowdStrike’s revenue was up 62.7% on a year-over-year basis. On average, research analysts forecast that CrowdStrike will post -0.89 EPS for the current fiscal year.

In related news, CFO Burt W. Podbere sold 10,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 321,215 shares of the company’s stock, valued at $75,514,434.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 20,000 shares of the company’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $203.04, for a total transaction of $4,060,800.00. The disclosure for this sale can be found here. Insiders sold 170,458 shares of company stock worth $35,634,355 in the last three months. Insiders own 6.82% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Quarterback LLC raised its stake in shares of CrowdStrike by 78.6% in the third quarter. Wealth Quarterback LLC now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Bank of New Hampshire purchased a new stake in shares of CrowdStrike in the first quarter valued at $30,000. Assetmark Inc. purchased a new stake in shares of CrowdStrike in the third quarter valued at $32,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of CrowdStrike by 159.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 135 shares of the company’s stock worth $28,000 after purchasing an additional 83 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of CrowdStrike by 440.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock worth $28,000 after purchasing an additional 110 shares during the last quarter. 63.02% of the stock is currently owned by institutional investors and hedge funds.

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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