CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $365.00 at Oppenheimer

CrowdStrike (NASDAQ:CRWD) had its target price dropped by equities research analysts at Oppenheimer from $450.00 to $365.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 39.98% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Rosenblatt Securities lowered their price objective on CrowdStrike from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Tuesday, May 14th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Canaccord Genuity Group restated a “buy” rating and set a $405.00 price objective on shares of CrowdStrike in a research report on Monday, July 22nd. Finally, Needham & Company LLC decreased their target price on CrowdStrike from $375.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $326.87.

CrowdStrike Stock Down 1.3 %

Shares of CRWD opened at $260.75 on Thursday. The firm has a market cap of $63.46 billion, a P/E ratio of 498.49, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike has a 52 week low of $145.38 and a 52 week high of $398.33. The firm’s 50-day simple moving average is $308.66 and its 200 day simple moving average is $319.21.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The business’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, analysts forecast that CrowdStrike will post 0.87 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the transaction, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock valued at $48,856,294 over the last three months. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $61,000. Yousif Capital Management LLC increased its holdings in CrowdStrike by 3.0% during the fourth quarter. Yousif Capital Management LLC now owns 2,539 shares of the company’s stock worth $648,000 after buying an additional 73 shares during the last quarter. Silver Oak Securities Incorporated increased its holdings in CrowdStrike by 404.3% during the fourth quarter. Silver Oak Securities Incorporated now owns 827 shares of the company’s stock worth $211,000 after buying an additional 663 shares during the last quarter. Choreo LLC raised its position in CrowdStrike by 11.0% in the fourth quarter. Choreo LLC now owns 1,726 shares of the company’s stock worth $441,000 after acquiring an additional 171 shares during the period. Finally, Mission Wealth Management LP purchased a new position in CrowdStrike in the fourth quarter valued at about $545,000. 71.16% of the stock is owned by institutional investors.

About CrowdStrike

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.