Piper Sandler Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $230.00

CrowdStrike (NASDAQ:CRWDGet Rating) had its price objective dropped by equities research analysts at Piper Sandler from $250.00 to $230.00 in a report released on Friday, The Fly reports. Piper Sandler’s price target suggests a potential upside of 32.17% from the company’s current price.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada decreased their price objective on CrowdStrike from $275.00 to $225.00 in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on CrowdStrike from $255.00 to $288.00 in a research note on Thursday, March 10th. UBS Group cut their target price on CrowdStrike from $285.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, May 19th. Barclays boosted their target price on CrowdStrike from $182.00 to $200.00 in a research note on Friday. Finally, Jefferies Financial Group cut their target price on CrowdStrike from $275.00 to $200.00 in a research note on Monday, May 23rd. One research analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Buy” and an average price target of $251.18.

Shares of CRWD opened at $174.02 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a 50 day simple moving average of $190.60 and a 200 day simple moving average of $193.68. CrowdStrike has a 52-week low of $130.00 and a 52-week high of $298.48. The firm has a market capitalization of $40.16 billion, a PE ratio of -168.95 and a beta of 1.46.

CrowdStrike (NASDAQ:CRWDGet Rating) last issued its quarterly earnings data on Thursday, June 2nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.08. CrowdStrike had a negative return on equity of 15.87% and a negative net margin of 16.17%. The business had revenue of $487.83 million during the quarter, compared to analyst estimates of $464.35 million. During the same period in the previous year, the firm earned ($0.14) EPS. CrowdStrike’s quarterly revenue was up 61.1% compared to the same quarter last year. Equities research analysts predict that CrowdStrike will post -0.89 EPS for the current fiscal year.

In related news, CEO George Kurtz sold 75,801 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $200.92, for a total transaction of $15,229,936.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $2,350,900.00. Following the completion of the transaction, the chief financial officer now directly owns 321,215 shares in the company, valued at $75,514,434.35. The disclosure for this sale can be found here. Insiders have sold a total of 170,458 shares of company stock worth $35,634,355 over the last three months. 6.82% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cordasco Financial Network grew its holdings in CrowdStrike by 26.3% in the 3rd quarter. Cordasco Financial Network now owns 240 shares of the company’s stock valued at $59,000 after buying an additional 50 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its holdings in CrowdStrike by 1.0% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 5,121 shares of the company’s stock valued at $1,163,000 after buying an additional 50 shares in the last quarter. Gemmer Asset Management LLC grew its holdings in CrowdStrike by 1.5% in the 1st quarter. Gemmer Asset Management LLC now owns 3,383 shares of the company’s stock valued at $768,000 after buying an additional 50 shares in the last quarter. Wealth Quarterback LLC grew its holdings in CrowdStrike by 78.6% in the 3rd quarter. Wealth Quarterback LLC now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 55 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in CrowdStrike by 4.3% in the 1st quarter. Capital Investment Advisors LLC now owns 1,338 shares of the company’s stock valued at $304,000 after buying an additional 55 shares in the last quarter. 63.02% of the stock is currently owned by hedge funds and other 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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