CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

CrowdStrike (NASDAQ:CRWD) had its target price hoisted by Rosenblatt Securities from $325.00 to $385.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 5.68% from the company’s current price.

Several other research analysts have also commented on CRWD. CICC Research began coverage on CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 price target on the stock. Sanford C. Bernstein reduced their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Oppenheimer reduced their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Barclays boosted their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, The Goldman Sachs Group reduced their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $339.08.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $364.30 on Monday. The firm’s 50 day simple moving average is $311.86 and its 200-day simple moving average is $312.52. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $398.33. The stock has a market capitalization of $89.30 billion, a price-to-earnings ratio of 527.97, a PEG ratio of 26.95 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. Analysts expect that CrowdStrike will post 0.49 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the sale, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. This trade represents a 2.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock worth $32,465,110 in the last three months. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the 2nd quarter worth approximately $25,000. Family Firm Inc. acquired a new position in CrowdStrike during the 2nd quarter valued at approximately $30,000. Itau Unibanco Holding S.A. acquired a new position in CrowdStrike during the 2nd quarter valued at approximately $33,000. Unique Wealth Strategies LLC acquired a new position in CrowdStrike during the 2nd quarter valued at approximately $36,000. Finally, Hobbs Group Advisors LLC bought a new stake in CrowdStrike during the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.