MKM Partners Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $200.00

CrowdStrike (NASDAQ:CRWDGet Rating) had its price target cut by analysts at MKM Partners from $240.00 to $200.00 in a report released on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. MKM Partners’ price target would suggest a potential upside of 41.95% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. Macquarie started coverage on shares of CrowdStrike in a research note on Wednesday, November 2nd. They set an “outperform” rating and a $220.00 target price for the company. Evercore ISI initiated coverage on shares of CrowdStrike in a research report on Thursday, October 6th. They set an “outperform” rating and a $250.00 price target on the stock. TheStreet downgraded shares of CrowdStrike from a “c-” rating to a “d+” rating in a research report on Monday, November 7th. Cantor Fitzgerald initiated coverage on shares of CrowdStrike in a research report on Wednesday, September 7th. They set an “overweight” rating and a $240.00 price target on the stock. Finally, Capital One Financial initiated coverage on shares of CrowdStrike in a research report on Friday, September 30th. They set an “overweight” rating and a $235.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and thirty-five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $234.94.

CrowdStrike Trading Up 3.7 %

NASDAQ CRWD opened at $140.89 on Wednesday. CrowdStrike has a one year low of $120.50 and a one year high of $242.00. The company has a 50-day simple moving average of $154.94 and a 200-day simple moving average of $168.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market capitalization of $32.88 billion, a PE ratio of -187.85 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWDGet Rating) last posted its quarterly earnings results on Tuesday, August 30th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). CrowdStrike had a negative net margin of 9.45% and a negative return on equity of 12.96%. The business had revenue of $535.15 million during the quarter, compared to analyst estimates of $516.44 million. During the same period last year, the firm posted ($0.21) earnings per share. The company’s quarterly revenue was up 58.5% on a year-over-year basis. On average, equities analysts forecast that CrowdStrike will post -0.76 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Godfrey Sullivan sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $175.01, for a total transaction of $1,750,100.00. Following the transaction, the director now directly owns 170,000 shares in the company, valued at approximately $29,751,700. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 8,823 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $173.67, for a total transaction of $1,532,290.41. Following the sale, the insider now directly owns 174,554 shares in the company, valued at approximately $30,314,793.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Godfrey Sullivan sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $175.01, for a total transaction of $1,750,100.00. Following the sale, the director now owns 170,000 shares in the company, valued at $29,751,700. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,011 shares of company stock worth $18,360,689. Company insiders own 6.82% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds have recently bought and sold shares of the stock. Core Alternative Capital raised its holdings in CrowdStrike by 2,233.3% during the 1st quarter. Core Alternative Capital now owns 140 shares of the company’s stock worth $32,000 after buying an additional 134 shares during the period. Proffitt & Goodson Inc. bought a new position in shares of CrowdStrike during the 1st quarter worth approximately $34,000. Mach 1 Financial Group LLC bought a new position in shares of CrowdStrike during the 3rd quarter worth approximately $27,000. Sound Income Strategies LLC grew its stake in shares of CrowdStrike by 42.9% during the 2nd quarter. Sound Income Strategies LLC now owns 200 shares of the company’s stock worth $34,000 after acquiring an additional 60 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. grew its stake in shares of CrowdStrike by 100.0% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 200 shares of the company’s stock worth $34,000 after acquiring an additional 100 shares in the last quarter. 67.43% 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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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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