CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $385.00 at Wedbush

CrowdStrike (NASDAQ:CRWDFree Report) had its price target lowered by Wedbush from $390.00 to $385.00 in a research report report published on Wednesday, Marketbeat.com reports. Wedbush currently has an outperform rating on the stock.

Several other research firms have also commented on CRWD. Truist Financial raised their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company a buy rating in a research note on Wednesday, March 6th. DA Davidson raised their price objective on shares of CrowdStrike from $285.00 to $425.00 and gave the company a buy rating in a research note on Wednesday, March 6th. Rosenblatt Securities raised their price objective on shares of CrowdStrike from $415.00 to $420.00 and gave the company a buy rating in a research note on Wednesday. JMP Securities reaffirmed a market outperform rating and issued a $400.00 target price on shares of CrowdStrike in a report on Tuesday, May 14th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $425.00 target price on shares of CrowdStrike in a report on Wednesday. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $375.61.

Check Out Our Latest Research Report on CrowdStrike

CrowdStrike Trading Up 12.0 %

Shares of CRWD stock opened at $342.18 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market cap of $82.76 billion, a PE ratio of 950.53, a price-to-earnings-growth ratio of 12.35 and a beta of 1.08. The company has a 50-day moving average of $317.66 and a two-hundred day moving average of $295.87. CrowdStrike has a 1-year low of $139.37 and a 1-year high of $365.00.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The company had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. On average, analysts predict that CrowdStrike will post 1.12 EPS for the current year.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 18,747 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $6,107,772.60. Following the transaction, the president now directly owns 382,958 shares in the company, valued at approximately $124,767,716.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other CrowdStrike news, President Michael Sentonas sold 18,747 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the sale, the president now directly owns 382,958 shares in the company, valued at approximately $124,767,716.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 14,815 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the sale, the insider now owns 235,850 shares in the company, valued at $76,851,722.50. The disclosure for this sale can be found here. Insiders have sold a total of 317,000 shares of company stock worth $101,229,160 in the last three months. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently made changes to their positions in the stock. CVA Family Office LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth $26,000. Hexagon Capital Partners LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth $26,000. Silver Oak Securities Incorporated acquired a new position in shares of CrowdStrike during the 3rd quarter worth $27,000. Bear Mountain Capital Inc. acquired a new position in shares of CrowdStrike during the 4th quarter worth $27,000. Finally, Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth $30,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Company Profile

(Get Free Report)

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.

Featured Articles

Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.